Stifel Nicolaus Cuts TFI International (NYSE:TFII) Price Target to $93.00

TFI International (NYSE:TFII) had its price target lowered by Stifel Nicolaus from $94.00 to $93.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 4.05% from the company’s previous close.

TFII has been the topic of a number of other research reports. Morgan Stanley cut their price target on shares of TFI International from $160.00 to $158.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Royal Bank Of Canada cut their price target on shares of TFI International from $106.00 to $102.00 and set an “outperform” rating on the stock in a report on Monday. Susquehanna cut their price target on shares of TFI International from $115.00 to $105.00 and set a “positive” rating on the stock in a report on Monday. Bank of America upped their price objective on shares of TFI International from $90.00 to $92.00 and gave the company an “underperform” rating in a research note on Tuesday, July 29th. Finally, Cormark lowered shares of TFI International from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $111.27.

TFI International Stock Down 0.4%

TFII stock opened at $89.38 on Tuesday. TFI International has a 52-week low of $72.02 and a 52-week high of $155.12. The company’s 50 day simple moving average is $92.18 and its 200-day simple moving average is $89.46. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.05. The firm has a market capitalization of $7.36 billion, a P/E ratio of 23.04, a P/E/G ratio of 3.25 and a beta of 1.48.

TFI International (NYSE:TFII) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. TFI International had a net margin of 4.06% and a return on equity of 14.20%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.49 billion. As a group, equities research analysts anticipate that TFI International will post 7.76 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Dixon Mitchell Investment Counsel Inc. increased its stake in shares of TFI International by 44.4% during the 2nd quarter. Dixon Mitchell Investment Counsel Inc. now owns 818,334 shares of the company’s stock worth $73,714,000 after purchasing an additional 251,444 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of TFI International by 19.1% during the 2nd quarter. Geode Capital Management LLC now owns 632,426 shares of the company’s stock worth $57,214,000 after purchasing an additional 101,218 shares during the last quarter. QV Investors Inc. increased its stake in shares of TFI International by 25.1% during the 3rd quarter. QV Investors Inc. now owns 441,478 shares of the company’s stock worth $38,862,000 after purchasing an additional 88,697 shares during the last quarter. Baskin Financial Services Inc. increased its stake in shares of TFI International by 1.7% during the 3rd quarter. Baskin Financial Services Inc. now owns 427,359 shares of the company’s stock worth $37,582,000 after purchasing an additional 7,207 shares during the last quarter. Finally, Argent Capital Management LLC increased its stake in shares of TFI International by 303.4% during the 2nd quarter. Argent Capital Management LLC now owns 142,864 shares of the company’s stock worth $12,811,000 after purchasing an additional 107,451 shares during the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

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.