TFI International (NYSE:TFII) Sets New 1-Year Low on Analyst Downgrade

TFI International Inc. (NYSE:TFII)’s share price hit a new 52-week low on Monday after Susquehanna lowered their price target on the stock from $170.00 to $135.00. Susquehanna currently has a positive rating on the stock. TFI International traded as low as $88.48 and last traded at $88.78, with a volume of 74055 shares trading hands. The stock had previously closed at $90.65.

Several other brokerages have also weighed in on TFII. Desjardins upgraded TFI International from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Bank of America lowered TFI International from a “neutral” rating to an “underperform” rating in a research report on Thursday, February 20th. UBS Group lowered TFI International from a “buy” rating to a “neutral” rating and dropped their price target for the company from $163.00 to $107.00 in a research report on Friday, February 21st. Stifel Nicolaus dropped their price target on TFI International from $147.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, February 21st. Finally, Citigroup dropped their price target on TFI International from $162.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $148.93.

Institutional Trading of TFI International

Several large investors have recently made changes to their positions in TFII. Entropy Technologies LP bought a new stake in shares of TFI International during the 3rd quarter worth about $643,000. Plato Investment Management Ltd bought a new stake in shares of TFI International during the 3rd quarter worth about $134,000. Quantbot Technologies LP boosted its stake in shares of TFI International by 295.1% during the 3rd quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock worth $2,941,000 after acquiring an additional 16,047 shares in the last quarter. iA Global Asset Management Inc. boosted its stake in shares of TFI International by 1,894.5% during the 3rd quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock worth $4,505,000 after acquiring an additional 31,260 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of TFI International during the 3rd quarter worth about $2,373,000. Institutional investors own 73.30% of the company’s stock.

TFI International Stock Performance

The company has a market cap of $6.89 billion, a P/E ratio of 16.38, a P/E/G ratio of 1.11 and a beta of 1.57. The firm has a 50 day moving average price of $125.86 and a 200-day moving average price of $137.38. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03.

TFI International (NYSE:TFII) last announced its earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.40). TFI International had a net margin of 5.08% and a return on equity of 18.40%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.54 billion. On average, research analysts predict that TFI International Inc. will post 7.76 EPS for the current year.

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.