Citigroup Cuts TFI International (NYSE:TFII) Price Target to $130.00

TFI International (NYSE:TFII) had its price target cut by Citigroup from $162.00 to $130.00 in a report released on Tuesday, Marketbeat.com reports. They currently have a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group reduced their price objective on shares of TFI International from $176.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Desjardins raised TFI International from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Veritas lowered TFI International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 21st. UBS Group downgraded TFI International from a “buy” rating to a “neutral” rating and cut their price target for the stock from $163.00 to $107.00 in a research note on Friday, February 21st. Finally, Bank of America cut shares of TFI International from a “neutral” rating to an “underperform” rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, TFI International has a consensus rating of “Hold” and an average price target of $151.43.

TFI International Trading Down 2.3 %

Shares of TFI International stock opened at $89.21 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 0.86. The firm has a market cap of $7.51 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 1.11 and a beta of 1.57. TFI International has a 52-week low of $88.76 and a 52-week high of $162.13. The company’s 50-day simple moving average is $129.06 and its 200-day simple moving average is $138.75.

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

Hedge Funds Weigh In On TFI International

Large investors have recently modified their holdings of the company. Entropy Technologies LP acquired a new stake in TFI International during the 3rd quarter worth approximately $643,000. Plato Investment Management Ltd acquired a new stake in TFI International in the third quarter valued at approximately $134,000. Quantbot Technologies LP grew its position in TFI International by 295.1% in the third quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock valued at $2,941,000 after acquiring an additional 16,047 shares in the last quarter. iA Global Asset Management Inc. lifted its position in shares of 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 purchasing an additional 31,260 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in TFI International during the 3rd quarter valued at $2,373,000. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

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.