UBS Group Raises TFI International (NYSE:TFII) Price Target to $90.00

Key Points

• UBS Group has raised the price target for TFI International from $88.00 to $90.00, indicating a potential downside of 3.78% from the current price.
• The consensus rating for TFI International is a Moderate Buy with an average target price of $116.06, while hedge funds and institutional investors own 73.30% of the company's stock.
• TFI International reported earnings of $1.34 EPS, exceeding analysts' expectations of $1.24, and generated $2.04 billion in revenue for the quarter compared to estimates of $1.49 billion.

TFI International (NYSE:TFII - Free Report) had its price target upped by UBS Group from $88.00 to $90.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also weighed in on TFII. CIBC cut their target price on TFI International from $118.00 to $110.00 and set an "outperformer" rating on the stock in a research note on Tuesday, July 8th. Susquehanna Bancshares cut their target price on TFI International from $105.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. National Bankshares increased their target price on TFI International from $132.00 to $138.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Scotiabank lowered TFI International from a "sector outperform" rating to a "sector perform" rating in a research report on Thursday, July 10th. Finally, National Bank Financial raised TFI International from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, TFI International presently has a consensus rating of "Moderate Buy" and an average target price of $117.13.

TFI International Trading Down 2.4%

Shares of TFII traded down $2.13 during trading hours on Tuesday, hitting $85.04. 443,744 shares of the stock traded hands, compared to its average volume of 435,968. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 0.88. TFI International has a 1-year low of $72.02 and a 1-year high of $155.12. The firm has a market capitalization of $7.06 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 3.02 and a beta of 1.43. The business has a fifty day moving average of $89.38 and a 200-day moving average of $94.19.

TFI International (NYSE:TFII - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.10. TFI International had a return on equity of 15.45% and a net margin of 4.48%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.49 billion. Analysts expect that TFI International will post 7.76 EPS for the current year.

Hedge Funds Weigh In On TFI International

A number of hedge funds have recently added to or reduced their stakes in TFII. Brown Brothers Harriman & Co. increased its stake in TFI International by 124.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company's stock worth $32,000 after acquiring an additional 131 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of TFI International by 40.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company's stock valued at $74,000 after purchasing an additional 160 shares during the last quarter. United Services Automobile Association bought a new position in shares of TFI International in the 1st quarter valued at $217,000. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of TFI International by 4.2% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company's stock valued at $698,000 after purchasing an additional 363 shares during the last quarter. Finally, Entropy Technologies LP increased its stake in shares of TFI International by 46.9% in the 1st quarter. Entropy Technologies LP now owns 13,656 shares of the company's stock valued at $1,058,000 after purchasing an additional 4,361 shares during the last quarter. Institutional investors own 73.30% of the company's stock.

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.