TFI International (NYSE:TFII) Shares Gap Down Following Weak Earnings

TFI International Inc. (NYSE:TFII) shares gapped down prior to trading on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $127.61, but opened at $119.58. TFI International shares last traded at $113.09, with a volume of 298,330 shares traded.

The company reported $1.19 earnings per share (EPS) 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 18.43%. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.54 billion.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TFII shares. Bank of America lowered TFI International from a “neutral” rating to an “underperform” rating in a research report on Thursday. Stifel Nicolaus dropped their target price on TFI International from $147.00 to $120.00 and set a “hold” rating for the company in a research report on Friday. The Goldman Sachs Group dropped their target price on TFI International from $176.00 to $150.00 and set a “buy” rating for the company in a research report on Friday. Royal Bank of Canada dropped their target price on TFI International from $156.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday. Finally, CIBC dropped their target price on TFI International from $160.00 to $141.00 and set an “outperformer” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $157.07.

Hedge Funds Weigh In On TFI International

A number of large investors have recently bought and sold shares of the business. BI Asset Management Fondsmaeglerselskab A S raised its stake in TFI International by 7.8% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company’s stock worth $5,046,000 after buying an additional 2,696 shares in the last quarter. CDAM UK Ltd raised its stake in TFI International by 2.5% in the fourth quarter. CDAM UK Ltd now owns 381,102 shares of the company’s stock worth $51,483,000 after buying an additional 9,200 shares in the last quarter. Geode Capital Management LLC raised its stake in TFI International by 31.5% in the fourth quarter. Geode Capital Management LLC now owns 469,263 shares of the company’s stock worth $64,345,000 after buying an additional 112,455 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in TFI International by 40.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock worth $74,000 after buying an additional 160 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised 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 worth $32,000 after buying an additional 131 shares in the last quarter. Institutional investors own 73.30% of the company’s stock.

TFI International Stock Down 6.7 %

The company has a market cap of $7.97 billion, a P/E ratio of 18.94, a P/E/G ratio of 1.40 and a beta of 1.57. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.84. The business’s 50 day moving average is $133.57 and its 200 day moving average is $140.28.

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.