TFI International (NYSE:TFII) Stock Price Down 4.9% Following Analyst Downgrade

TFI International Inc. (NYSE:TFII) shares fell 4.9% on Tuesday 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 $80.19 and last traded at $81.98. 746,534 shares were traded during mid-day trading, an increase of 100% from the average session volume of 372,591 shares. The stock had previously closed at $86.21.

Several other analysts also recently issued reports on TFII. Stifel Nicolaus decreased their price objective on shares of TFI International from $147.00 to $120.00 and set a “hold” rating for the company in a report on Friday, February 21st. Desjardins raised shares of TFI International from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. UBS Group downgraded TFI International from a “buy” rating to a “neutral” rating and lowered their price target for the company from $163.00 to $107.00 in a research report on Friday, February 21st. Stephens cut their price objective on TFI International from $138.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group lowered their target price on TFI International from $176.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TFI International currently has an average rating of “Hold” and a consensus price target of $148.93.

Institutional Investors Weigh In On TFI International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Brown Brothers Harriman & Co. increased its stake in TFI International by 124.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock valued at $32,000 after acquiring an additional 131 shares during the period. CIBC Private Wealth Group LLC grew 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 period. Plato Investment Management Ltd acquired a new position in shares of TFI International in the 3rd quarter worth approximately $134,000. Entropy Technologies LP bought a new position in shares of TFI International during the 3rd quarter worth approximately $643,000. Finally, Legato Capital Management LLC boosted its stake in TFI International by 8.9% in the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock valued at $1,414,000 after buying an additional 859 shares in the last quarter. Institutional investors own 73.30% of the company’s stock.

TFI International Stock Up 2.4 %

The stock has a market capitalization of $7.06 billion, a P/E ratio of 16.77, a PEG ratio of 1.11 and a beta of 1.62. The business has a 50-day simple moving average of $124.72 and a two-hundred day simple moving average of $137.00. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 0.86.

TFI International (NYSE:TFII) last posted 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 return on equity of 18.40% and a net margin of 5.08%. The firm had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.54 billion. Equities research analysts forecast that TFI International Inc. will post 7.76 earnings per share for the current fiscal year.

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.