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

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

A number of other equities research analysts have also issued reports on TFII. TD Cowen reduced their target price on TFI International from $128.00 to $115.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. CIBC reduced their price objective on TFI International from $118.00 to $110.00 and set an "outperformer" rating on the stock in a research report on Tuesday. Royal Bank Of Canada dropped their price objective on TFI International from $98.00 to $94.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Stifel Nicolaus set a $88.00 target price on shares of TFI International in a report on Monday, April 28th. Finally, Susquehanna raised their price target on shares of TFI International from $100.00 to $105.00 and gave the stock a "positive" rating in a research note on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, TFI International currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.25.

TFI International Price Performance

Shares of TFII stock traded down $0.98 during mid-day trading on Thursday, reaching $92.48. The stock had a trading volume of 344,515 shares, compared to its average volume of 364,516. The company has a market cap of $7.68 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 2.87 and a beta of 1.48. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.86. TFI International has a 12-month low of $72.02 and a 12-month high of $158.93. The business has a 50-day simple moving average of $88.21 and a 200 day simple moving average of $99.61.

TFI International (NYSE:TFII - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.76 earnings per share 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 business had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.46 billion. On average, sell-side analysts anticipate that TFI International will post 7.76 earnings per share for the current year.

Hedge Funds Weigh In On TFI International

Several hedge funds and other institutional investors have recently modified their holdings of the company. QV Investors Inc. grew its stake in 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 buying an additional 132,166 shares during the period. Geode Capital Management LLC boosted its position in TFI International by 31.5% during 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 during the period. Quantbot Technologies LP increased its holdings in TFI International by 877.9% in the 1st quarter. Quantbot Technologies LP now owns 78,466 shares of the company's stock valued at $6,077,000 after purchasing an additional 70,442 shares in the last quarter. Canoe Financial LP raised its position 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 lifted its stake in shares of TFI International by 2.5% during the fourth quarter. CDAM UK Ltd now owns 381,102 shares of the company's stock worth $51,483,000 after purchasing an additional 9,200 shares in the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

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.