TFI International (NYSE:TFII) Given New $155.00 Price Target at The Goldman Sachs Group

TFI International (NYSE:TFII) had its target price reduced by The Goldman Sachs Group from $178.00 to $155.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group‘s target price indicates a potential upside of 59.82% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus dropped their price objective on shares of TFI International from $132.00 to $107.00 and set a “hold” rating for the company in a research note on Monday. Scotia raised their target price on shares of TFI International from $260.00 to $263.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 28th. Scotiabank restated an “outperform” rating on shares of TFI International in a report on Thursday, October 15th. JPMorgan Chase & Co. dropped their price target on shares of TFI International from $175.00 to $168.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Finally, Canadian Imperial Bank of Commerce cut their price target on shares of TFI International from $175.00 to $158.00 and set an “outperformer” rating on the stock in a research note on Monday, October 5th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $160.94.

TFI International Trading Up 3.9%

NYSE TFII traded up $3.66 during mid-day trading on Monday, reaching $96.98. 382,697 shares of the stock were exchanged, compared to its average volume of 370,455. The stock has a market capitalization of $7.97 billion, a PE ratio of 22.38, a PEG ratio of 0.59 and a beta of 1.68. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.10 and a current ratio of 1.11. TFI International has a 1-year low of $80.63 and a 1-year high of $167.69. The business’s fifty day simple moving average is $122.28 and its 200 day simple moving average is $129.26.

TFI International (NYSE:TFII) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.08). The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.23 billion. TFI International had a return on equity of 16.05% and a net margin of 4.26%. On average, research analysts anticipate that TFI International will post 5.95 earnings per share for the current fiscal year.

Institutional Trading of TFI International

Several institutional investors have recently modified their holdings of TFII. Laurel Wealth Advisors LLC acquired a new position in shares of TFI International in the third quarter worth about $36,000. Allworth Financial LP bought a new position in TFI International in the second quarter valued at about $46,000. State of Wyoming bought a new stake in shares of TFI International during the 2nd quarter valued at $56,000. Versant Capital Management Inc boosted its position in shares of TFI International by 47.3% in the 2nd quarter. Versant Capital Management Inc now owns 408 shares of the company’s stock worth $59,000 after purchasing an additional 131 shares during the last quarter. Finally, Tacita Capital Inc bought a new stake in TFI International in the second quarter valued at about $91,000. Institutional investors and hedge funds own 73.30% of the company’s stock.

About TFI International

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.