The Goldman Sachs Group Cuts TFI International (NYSE:TFII) Price Target to $150.00

TFI International (NYSE:TFII) had its price objective lowered by The Goldman Sachs Group from $176.00 to $150.00 in a research note released on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also recently issued reports on TFII. Citigroup boosted their price objective on shares of TFI International from $158.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Stifel Nicolaus decreased their price target on shares of TFI International from $147.00 to $120.00 and set a “hold” rating for the company in a report on Friday. Bank of America downgraded TFI International from a “neutral” rating to an “underperform” rating in a research note on Thursday. CIBC decreased their target price on TFI International from $160.00 to $141.00 and set an “outperformer” rating for the company in a research note on Friday. Finally, Desjardins upgraded TFI International from a “hold” rating to a “buy” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, TFI International presently has a consensus rating of “Moderate Buy” and an average target price of $157.07.

TFI International Stock Down 6.7 %

NYSE:TFII opened at $94.69 on Friday. The company has a market cap of $7.97 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 1.11 and a beta of 1.57. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.03. The stock’s fifty day moving average price is $133.57 and its two-hundred day moving average price is $140.19. TFI International has a 52-week low of $92.66 and a 52-week high of $162.13.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.40). TFI International had a return on equity of 18.40% and a net margin of 5.08%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.54 billion. On average, analysts anticipate that TFI International will post 7.76 EPS for the current year.

Institutional Trading of TFI International

A number of large investors have recently bought and sold shares of the business. Entropy Technologies LP acquired a new stake in TFI International in the third quarter valued at approximately $643,000. Plato Investment Management Ltd acquired a new stake in TFI International in the 3rd quarter valued at $134,000. Quantbot Technologies LP increased its stake in TFI International by 295.1% during the 3rd quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock valued at $2,941,000 after purchasing an additional 16,047 shares in the last quarter. iA Global Asset Management Inc. raised its holdings in TFI International by 1,894.5% during the third quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock worth $4,505,000 after buying an additional 31,260 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of TFI International in the third quarter valued at $2,373,000. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.