TFI International (NYSE:TFII) Cut to “Neutral” at UBS Group

TFI International (NYSE:TFII) was downgraded by analysts at UBS Group from a “buy” rating to a “neutral” rating in a report released on Friday, MarketBeat reports. They currently have a $107.00 price target on the stock, down from their previous price target of $163.00. UBS Group’s target price would indicate a potential upside of 13.01% from the stock’s previous close.

Several other brokerages have also commented on TFII. Citigroup upped their price target on TFI International from $158.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Bank of America lowered TFI International from a “neutral” rating to an “underperform” rating in a research note on Thursday. Desjardins raised TFI International from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Stifel Nicolaus upped their price target on TFI International from $139.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Finally, CIBC upped their price target on TFI International from $166.00 to $176.00 and gave the company an “outperformer” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $157.07.

TFI International Stock Performance

NYSE TFII opened at $94.69 on Friday. The stock’s fifty day moving average is $133.57 and its two-hundred day moving average is $140.22. The firm has a market capitalization of $7.97 billion, a P/E ratio of 18.94, a price-to-earnings-growth 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. TFI International has a fifty-two week low of $92.66 and a fifty-two week high of $162.13.

TFI International (NYSE:TFII) last released its quarterly earnings data 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). The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.54 billion. TFI International had a return on equity of 18.40% and a net margin of 5.08%. On average, research analysts anticipate that TFI International will post 7.76 earnings per share for the current year.

Institutional Investors Weigh In On TFI International

Several large investors have recently bought and sold shares of TFII. Baillie Gifford & Co. acquired a new position in shares of TFI International during the 4th quarter worth about $148,623,000. Geode Capital Management LLC boosted its position in shares of TFI International by 31.5% during the 4th quarter. Geode Capital Management LLC now owns 469,263 shares of the company’s stock worth $64,345,000 after acquiring an additional 112,455 shares in the last quarter. CDAM UK Ltd boosted its position in shares of TFI International by 2.5% during the 4th quarter. CDAM UK Ltd now owns 381,102 shares of the company’s stock worth $51,483,000 after acquiring an additional 9,200 shares in the last quarter. Amundi boosted its position in shares of TFI International by 2.4% during the 4th quarter. Amundi now owns 181,202 shares of the company’s stock worth $24,134,000 after acquiring an additional 4,266 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of TFI International by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 78,621 shares of the company’s stock worth $10,621,000 after acquiring an additional 4,763 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company’s stock.

About TFI International

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.