TFI International (NYSE:TFII) Upgraded at Bank of America

TFI International (NYSE:TFII) was upgraded by research analysts at Bank of America from an “underperform” rating to a “neutral” rating in a research report issued on Thursday,Benzinga reports. The firm currently has a $123.00 target price on the stock, up from their previous target price of $111.00. Bank of America‘s price target indicates a potential upside of 5.62% from the company’s current price.

Several other research firms have also weighed in on TFII. Stifel Nicolaus raised their target price on TFI International from $100.00 to $113.00 and gave the company a “hold” rating in a report on Wednesday, January 21st. Scotiabank reissued a “sector perform” rating on shares of TFI International in a report on Wednesday, January 21st. Susquehanna boosted their target price on TFI International from $105.00 to $123.00 and gave the stock a “positive” rating in a report on Monday, January 5th. Royal Bank Of Canada increased their price target on TFI International from $102.00 to $125.00 and gave the company an “outperform” rating in a report on Monday, December 22nd. Finally, TD Cowen restated a “buy” rating and issued a $130.00 price objective (up from $112.00) on shares of TFI International in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, TFI International presently has an average rating of “Moderate Buy” and an average target price of $124.38.

TFI International Price Performance

Shares of TFII opened at $116.46 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.05 and a current ratio of 1.06. The firm has a market cap of $9.57 billion, a PE ratio of 31.31, a PEG ratio of 7.66 and a beta of 1.55. The firm’s 50 day moving average price is $110.95 and its 200 day moving average price is $97.84. TFI International has a twelve month low of $72.02 and a twelve month high of $128.55.

TFI International (NYSE:TFII) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.85 by $0.24. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.37 billion. TFI International had a net margin of 3.94% and a return on equity of 13.77%. As a group, research analysts expect that TFI International will post 7.76 EPS for the current fiscal year.

Institutional Investors Weigh In On TFI International

A number of institutional investors have recently bought and sold shares of the business. United Services Automobile Association bought a new stake in TFI International in the 1st quarter valued at $217,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in TFI International by 36.2% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,275 shares of the company’s stock valued at $1,101,000 after purchasing an additional 3,263 shares during the last quarter. QV Investors Inc. boosted its position in TFI International by 0.8% in the second quarter. QV Investors Inc. now owns 352,781 shares of the company’s stock valued at $31,604,000 after buying an additional 2,685 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of TFI International by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 78,729 shares of the company’s stock worth $7,060,000 after acquiring an additional 1,356 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in TFI International by 19.1% during the 2nd quarter. Geode Capital Management LLC now owns 632,426 shares of the company’s stock valued at $57,214,000 after purchasing an additional 101,218 shares in the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

TFI International Company Profile

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.