CIBC Cuts TFI International (NYSE:TFII) Price Target to $141.00

TFI International (NYSE:TFII) had its price objective decreased by CIBC from $160.00 to $141.00 in a research note issued to investors on Friday morning,Benzinga reports. CIBC currently has an outperformer rating on the stock.

A number of other analysts have also recently commented on TFII. Desjardins upgraded shares of TFI International from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Citigroup lifted their target price on shares of TFI International from $158.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Stifel Nicolaus lowered their target price on shares of TFI International from $147.00 to $120.00 and set a “hold” rating for the company in a research note on Friday. UBS Group cut shares of TFI International from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $163.00 to $107.00 in a research note on Friday. Finally, Bank of America cut shares of TFI International from a “neutral” rating to an “underperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, TFI International presently has a consensus rating of “Moderate Buy” and an average target price of $157.07.

TFI International Trading Down 6.7 %

NYSE TFII opened at $94.69 on Friday. 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 company has a market capitalization of $7.97 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.11 and a beta of 1.57. The company’s 50-day simple moving average is $133.57 and its two-hundred day simple moving average is $140.19. TFI International has a one year low of $92.66 and a one year high of $162.13.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.19 earnings per share (EPS) 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 firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Equities analysts forecast that TFI International will post 7.76 EPS for the current fiscal year.

Hedge Funds Weigh In On TFI International

A number of institutional investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. grew its position in TFI International by 124.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock valued at $32,000 after buying an additional 131 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of TFI International by 40.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock worth $74,000 after purchasing an additional 160 shares in the last quarter. Legato Capital Management LLC boosted its position in shares of TFI International by 8.9% during the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock worth $1,414,000 after purchasing an additional 859 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of TFI International during the 3rd quarter worth $134,000. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of TFI International by 7.8% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company’s stock worth $5,046,000 after purchasing an additional 2,696 shares in the last quarter. 73.30% of the stock is 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.