TFI International (NYSE:TFII) Now Covered by Analysts at Veritas

Equities research analysts at Veritas began coverage on shares of TFI International (NYSE:TFII) in a research report issued on Tuesday, Zacks reports. The firm set a “hold” rating on the stock.

Several other equities analysts have also recently commented on TFII. UBS Group boosted their price objective on shares of TFI International from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. The Goldman Sachs Group lowered their target price on shares of TFI International from $178.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday. Scotiabank reissued an “outperform” rating on shares of TFI International in a report on Thursday, October 15th. Susquehanna cut their price target on shares of TFI International from $185.00 to $164.00 and set a “positive” rating for the company in a report on Friday, October 2nd. Finally, Citigroup reduced their price target on shares of TFI International from $157.00 to $123.00 and set a “buy” rating for the company in a research report on Monday. Sixteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $145.32.

TFI International Stock Performance

Shares of TFII stock opened at $96.46 on Tuesday. The stock has a market capitalization of $7.93 billion, a P/E ratio of 22.28, a PEG ratio of 0.63 and a beta of 1.67. The firm’s 50 day moving average is $120.58 and its 200 day moving average is $129.11. TFI International has a 12 month low of $80.63 and a 12 month high of $167.69. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.79.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.08). TFI International had a return on equity of 16.05% and a net margin of 4.26%. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.23 billion. On average, sell-side analysts anticipate that TFI International will post 5.72 earnings per share for the current year.

Hedge Funds Weigh In On TFI International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc increased its position in shares of TFI International by 47.3% during the 2nd quarter. Versant Capital Management Inc now owns 408 shares of the company’s stock valued at $59,000 after purchasing an additional 131 shares during the last quarter. Laurel Wealth Advisors LLC bought a new stake in TFI International in the 3rd quarter worth approximately $36,000. Allworth Financial LP bought a new stake in TFI International in the 2nd quarter worth approximately $46,000. Ewing Morris & Co. Investment Partners Ltd. lifted its position in TFI International by 8.6% in the 2nd quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 4,178 shares of the company’s stock worth $601,000 after buying an additional 330 shares during the last quarter. Finally, State of Wyoming purchased a new stake in TFI International in the second quarter worth approximately $56,000. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting TFI International

Here are the key news stories impacting TFI International this week:

• Positive Sentiment: Desjardins initiated coverage with a Buy rating and a $170 price target, implying substantial upside from the share price cited in the report. TickerReport article
• Positive Sentiment: Other firms maintained bullish ratings—including Buy, Outperform, and Overweight—despite their revisions. Their updated targets ranged from $117 to $175, all above the share price cited in the reports.
• Negative Sentiment: Multiple analysts cut their targets: CIBC to $120, RBC to $117, Scotia to $138, Citigroup to $123, Stephens to $140, Goldman Sachs to $155, Morgan Stanley to $175, and TD Cowen to $119. The broad downward revisions may weigh on sentiment by reflecting lower expectations, even though the firms retained positive ratings. Read More., Read More., Read More., Read More., Read More., Read More., Read More., Read More.

TFI International Company Profile

TFI International Inc is a North American transportation and logistics company headquartered in Saint-Laurent, Quebec. The company provides a broad range of freight and supply chain services through a network of operating companies in Canada and the United States.

Its business activities include package and courier delivery, less-than-truckload and truckload transportation, freight brokerage, logistics, warehousing, and specialized services. TFI International also serves niche transportation markets, including waste management, environmental services, and other specialized freight requirements.

The company traces its origins to 1957 and has expanded through organic growth and acquisitions.