UBS Group Issues Pessimistic Forecast for TFI International (NYSE:TFII) Stock Price

TFI International (NYSE:TFII - Get Free Report) had its price target cut by equities researchers at UBS Group from $107.00 to $88.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's price objective would indicate a potential upside of 9.69% from the stock's previous close.

Several other research analysts also recently commented on TFII. Susquehanna Bancshares decreased their price target on shares of TFI International from $105.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. BMO Capital Markets decreased their target price on shares of TFI International from $89.00 to $88.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. CIBC cut their price target on shares of TFI International from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. TD Cowen reduced their price objective 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. Finally, Veritas raised TFI International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $124.00.

TFI International Price Performance

TFII stock traded down $0.74 during midday trading on Wednesday, reaching $80.23. The company had a trading volume of 38,488 shares, compared to its average volume of 323,265. The firm has a 50-day moving average price of $81.90 and a 200-day moving average price of $119.17. The company has a market capitalization of $6.74 billion, a P/E ratio of 16.07, a P/E/G ratio of 1.11 and a beta of 1.57. TFI International has a 1 year low of $72.02 and a 1 year high of $158.93. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96.

TFI International (NYSE:TFII - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by ($0.19). TFI International had a net margin of 5.08% and a return on equity of 18.40%. The firm had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.46 billion. On average, research analysts anticipate that TFI International will post 7.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TFI International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. lifted its position in TFI International by 124.8% during the fourth 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 period. CIBC Private Wealth Group LLC lifted its position 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 acquiring an additional 160 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in TFI International by 4.2% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company's stock worth $698,000 after acquiring an additional 363 shares in the last quarter. Entropy Technologies LP grew its holdings in TFI International by 97.8% in the fourth quarter. Entropy Technologies LP now owns 9,295 shares of the company's stock worth $1,256,000 after purchasing an additional 4,595 shares during the period. Finally, Legato Capital Management LLC increased its stake in shares of TFI International by 8.9% during the fourth quarter. Legato Capital Management LLC now owns 10,468 shares of the company's stock valued at $1,414,000 after purchasing an additional 859 shares in the last quarter. 73.30% of the stock is owned by hedge funds and other 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.

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