TFI International (NYSE:TFII) Rating Lowered to Strong Sell at Zacks Research

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

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. cut their price target on shares of TFI International from $175.00 to $168.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. UBS Group upped their price objective on shares of TFI International from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Stifel Nicolaus lowered their price objective on shares of TFI International from $132.00 to $107.00 and set a “hold” rating for the company in a research note on Monday. Scotia dropped their target price on shares of TFI International from $168.00 to $138.00 and set a “sector outperform” rating for the company in a report on Monday, November 2nd. Finally, Canadian Imperial Bank of Commerce cut their target price on TFI International from $158.00 to $120.00 and set an “outperformer” rating on the stock in a research note on Monday, November 2nd. Sixteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $145.32.

TFI International Trading Down 2.0%

Shares of NYSE:TFII traded down $1.89 during trading on Thursday, reaching $94.75. 364,381 shares of the company traded hands, compared to its average volume of 449,382. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.79. TFI International has a 52-week low of $80.63 and a 52-week high of $167.69. The firm has a market capitalization of $7.79 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 0.63 and a beta of 1.67. The business’s fifty day moving average is $118.30 and its 200-day moving average is $128.90.

TFI International (NYSE:TFII) last issued its earnings results on Thursday, October 29th. The company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.08). TFI International had a return on equity of 16.05% and a net margin of 4.26%. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.23 billion. As a group, analysts forecast that TFI International will post 5.56 EPS for the current year.

Institutional Trading of TFI International

Large investors have recently bought and sold shares of the company. Caisse de depot et placement du Quebec purchased a new position in shares of TFI International during the 2nd quarter worth approximately $910,995,000. Jupiter Topco LLC purchased a new position in shares of TFI International in the 2nd quarter valued at approximately $515,259,000. Maple Rock Capital Partners Inc. boosted its position in shares of TFI International by 4.2% during the second quarter. Maple Rock Capital Partners Inc. now owns 1,418,409 shares of the company’s stock valued at $203,641,000 after purchasing an additional 56,578 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of TFI International during the second quarter valued at approximately $189,264,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in TFI International in the second quarter worth $136,656,000. 73.30% of the stock is owned by institutional investors.

TFI International Company Profile

TFI International Inc is a North American transportation and logistics company headquartered in Saint-Laurent, Quebec. The company provides a broad range of freight and supply chain services through a network of operating companies in Canada and the United States.

Its business activities include package and courier delivery, less-than-truckload and truckload transportation, freight brokerage, logistics, warehousing, and specialized services. TFI International also serves niche transportation markets, including waste management, environmental services, and other specialized freight requirements.

The company traces its origins to 1957 and has expanded through organic growth and acquisitions.