TFI International (NYSE:TFII) Price Target Raised to $162.00

TFI International (NYSE:TFII) had its target price increased by research analysts at Stifel Nicolaus from $151.00 to $162.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 3.87% from the company’s current price.

Several other analysts also recently weighed in on TFII. Stephens restated an “overweight” rating and set a $176.00 price objective on shares of TFI International in a research report on Tuesday. National Bank Financial downgraded shares of TFI International from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. upped their price objective on shares of TFI International from $170.00 to $184.00 and gave the stock an “overweight” rating in a research report on Monday. Desjardins lowered shares of TFI International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, TD Cowen upped their price target on shares of TFI International from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $167.94.

TFI International Price Performance

TFI International stock traded up $2.83 during trading hours on Wednesday, reaching $155.97. 57,007 shares of the stock were exchanged, compared to its average volume of 271,421. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.89. TFI International has a twelve month low of $104.91 and a twelve month high of $162.13. The company has a market cap of $13.20 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 1.62 and a beta of 1.56. The stock has a 50 day moving average of $143.26 and a two-hundred day moving average of $144.03.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.10. TFI International had a net margin of 5.93% and a return on equity of 20.48%. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the firm posted $1.59 earnings per share. The firm’s quarterly revenue was up 26.4% compared to the same quarter last year. Equities analysts expect that TFI International will post 6.74 EPS for the current fiscal year.

Institutional Investors Weigh In On TFI International

Several large investors have recently modified their holdings of TFII. iA Global Asset Management Inc. acquired a new stake in TFI International during the 2nd quarter worth about $240,000. Summit Global Investments increased its holdings in TFI International by 83.7% in the second quarter. Summit Global Investments now owns 6,610 shares of the company’s stock worth $959,000 after purchasing an additional 3,012 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. lifted its stake in TFI International by 1.3% in the second quarter. Dixon Mitchell Investment Counsel Inc. now owns 537,835 shares of the company’s stock valued at $78,394,000 after buying an additional 6,887 shares during the period. Industrial Alliance Investment Management Inc. boosted its holdings in shares of TFI International by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock worth $413,000 after buying an additional 80 shares in the last quarter. Finally, Hood River Capital Management LLC grew its position in shares of TFI International by 6.6% during the 1st quarter. Hood River Capital Management LLC now owns 226,888 shares of the company’s stock worth $36,180,000 after buying an additional 13,995 shares during the period. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.