TFI International (NYSE:TFII) Cut to Sector Perform at Scotiabank

TFI International (NYSE:TFII - Get Free Report) was downgraded by equities research analysts at Scotiabank from a "sector outperform" rating to a "sector perform" rating in a report released on Thursday, MarketBeat Ratings reports.

Several other equities analysts have also issued reports on the company. TD Cowen decreased their price objective on TFI International from $128.00 to $115.00 and set a "buy" rating for the company in a research report on Friday, April 25th. National Bank Financial raised TFI International from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. Citigroup raised their target price on shares of TFI International from $107.00 to $108.00 and gave the company a "buy" rating in a research note on Wednesday. National Bankshares upped their price objective on shares of TFI International from $132.00 to $138.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. lifted their price target on TFI International from $98.00 to $101.00 and gave the stock an "overweight" rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, TFI International presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.25.

TFI International Trading Down 2.3%

TFI International stock traded down $2.09 during trading hours on Thursday, reaching $90.33. 162,210 shares of the company's stock traded hands, compared to its average volume of 363,777. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.02 and a current ratio of 1.03. TFI International has a fifty-two week low of $72.02 and a fifty-two week high of $158.93. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.87 and a beta of 1.48. The firm's 50 day moving average is $88.46 and its 200-day moving average is $99.29.

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

Institutional Trading of TFI International

Several hedge funds and other institutional investors have recently made changes to their positions in TFII. QV Investors Inc. grew its holdings in shares of TFI International by 60.6% during the first quarter. QV Investors Inc. now owns 350,096 shares of the company's stock worth $27,103,000 after purchasing an additional 132,166 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of TFI International by 31.5% during the fourth 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 during the last quarter. Quantbot Technologies LP grew its holdings in shares of TFI International by 877.9% during the first quarter. Quantbot Technologies LP now owns 78,466 shares of the company's stock worth $6,077,000 after purchasing an additional 70,442 shares during the last quarter. Canoe Financial LP increased its holdings in TFI International by 168.5% in the first quarter. Canoe Financial LP now owns 36,857 shares of the company's stock valued at $2,854,000 after purchasing an additional 23,131 shares during the period. Finally, CDAM UK Ltd increased its holdings in TFI International by 2.5% in the fourth quarter. CDAM UK Ltd now owns 381,102 shares of the company's stock valued at $51,483,000 after purchasing an additional 9,200 shares during the period. 73.30% of the stock is currently owned by institutional investors.

About TFI International

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.