TFI International (NYSE:TFII) Lowered to Sector Perform Rating by Scotiabank

TFI International (NYSE:TFII - Get Free Report) was downgraded by Scotiabank from a "sector outperform" rating to a "sector perform" rating in a research note issued on Thursday, Marketbeat.com reports.

A number of other equities analysts have also recently commented on the stock. TD Cowen cut their price target on shares of TFI International from $128.00 to $115.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Bank of America boosted their price target on shares of TFI International from $73.00 to $90.00 and gave the stock an "underperform" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. boosted their price target on shares of TFI International from $98.00 to $101.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. BMO Capital Markets cut their price target on shares of TFI International from $89.00 to $88.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. Finally, Citigroup boosted their price target on shares of TFI International from $107.00 to $108.00 and gave the stock a "buy" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $116.25.

TFI International Price Performance

NYSE:TFII traded down $2.50 during mid-day trading on Thursday, hitting $89.92. 501,118 shares of the stock traded hands, compared to its average volume of 365,384. The business's 50-day moving average price is $88.62 and its 200 day moving average price is $98.35. The company has a market cap of $7.47 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 2.76 and a beta of 1.48. TFI International has a 12-month low of $72.02 and a 12-month high of $158.93. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.86.

TFI International (NYSE:TFII - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.19). TFI International had a net margin of 4.59% and a return on equity of 16.69%. The firm had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.46 billion. On average, analysts expect that TFI International will post 7.76 EPS for the current fiscal year.

Institutional Investors Weigh In On TFI International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TFII. Bank of New York Mellon Corp raised its holdings in TFI International by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 78,621 shares of the company's stock valued at $10,621,000 after buying an additional 4,763 shares during the last quarter. Amundi raised its holdings in TFI International by 2.4% during the 4th quarter. Amundi now owns 181,202 shares of the company's stock valued at $24,134,000 after buying an additional 4,266 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in TFI International by 124.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company's stock valued at $32,000 after buying an additional 131 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in TFI International by 40.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company's stock valued at $74,000 after buying an additional 160 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in TFI International by 31.5% in the 4th quarter. Geode Capital Management LLC now owns 469,263 shares of the company's stock worth $64,345,000 after purchasing an additional 112,455 shares in the last quarter. 73.30% of the stock is currently owned by institutional investors.

TFI International Company Profile

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States and Canada. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items in North America.