TFI International (NYSE:TFII) Raised to Hold at Zacks Research

TFI International (NYSE:TFII) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

TFII has been the subject of several other research reports. BMO Capital Markets reaffirmed a “market perform” rating and issued a $115.00 target price on shares of TFI International in a research note on Thursday, February 19th. Stephens lowered their price objective on shares of TFI International from $115.00 to $105.00 and set an “equal weight” rating for the company in a research report on Thursday, February 19th. Bank of America raised shares of TFI International from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $111.00 to $123.00 in a research report on Thursday, February 19th. The Goldman Sachs Group increased their price objective on shares of TFI International from $116.00 to $128.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Finally, JPMorgan Chase & Co. increased their price objective on shares of TFI International from $106.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TFI International has a consensus rating of “Moderate Buy” and an average price target of $127.75.

TFI International Price Performance

Shares of TFII stock opened at $125.02 on Monday. The firm’s 50 day moving average is $113.85 and its 200-day moving average is $103.24. TFI International has a 1 year low of $74.90 and a 1 year high of $127.44. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 33.61, a PEG ratio of 1.57 and a beta of 1.53. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.88.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.24. TFI International had a net margin of 3.94% and a return on equity of 13.73%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.37 billion. Sell-side analysts forecast that TFI International will post 7.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. New York State Common Retirement Fund bought a new position in TFI International in the fourth quarter valued at $782,000. Caldwell Investment Management Ltd. bought a new position in TFI International in the fourth quarter valued at $1,484,000. BI Asset Management Fondsmaeglerselskab A S grew its position in TFI International by 0.5% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 24,172 shares of the company’s stock valued at $2,498,000 after purchasing an additional 121 shares in the last quarter. Geode Capital Management LLC grew its position in TFI International by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 733,510 shares of the company’s stock valued at $76,293,000 after purchasing an additional 38,200 shares in the last quarter. Finally, Legato Capital Management LLC grew its position in TFI International by 234.2% in the fourth quarter. Legato Capital Management LLC now owns 16,106 shares of the company’s stock valued at $1,665,000 after purchasing an additional 11,287 shares in the last quarter. Institutional investors own 73.30% of the company’s stock.

TFI International Company Profile

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.