Susquehanna Cuts TFI International (NYSE:TFII) Price Target to $170.00

TFI International (NYSE:TFII) had its target price cut by stock analysts at Susquehanna from $180.00 to $170.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s target price suggests a potential upside of 25.10% from the company’s current price.

TFII has been the topic of a number of other research reports. Cormark upgraded TFI International from a “hold” rating to a “moderate buy” rating in a research report on Monday, July 15th. Citigroup began coverage on TFI International in a research report on Wednesday, October 9th. They issued a “buy” rating and a $159.00 price objective on the stock. JPMorgan Chase & Co. lowered their price objective on TFI International from $184.00 to $181.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 8th. Royal Bank of Canada increased their price objective on TFI International from $162.00 to $171.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Stifel Nicolaus downgraded TFI International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $158.00 to $142.00 in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $167.38.

TFI International Stock Up 0.9 %

TFII stock opened at $135.89 on Wednesday. The stock’s 50 day simple moving average is $142.83 and its 200 day simple moving average is $143.12. TFI International has a fifty-two week low of $104.91 and a fifty-two week high of $162.13. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 0.94. The company has a market cap of $11.50 billion, a P/E ratio of 24.14, a price-to-earnings-growth ratio of 1.51 and a beta of 1.55.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Monday, October 21st. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.19). The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.28 billion. TFI International had a return on equity of 20.48% and a net margin of 5.93%. During the same period last year, the company posted $1.57 earnings per share. On average, research analysts expect that TFI International will post 6.68 earnings per share for the current fiscal year.

Institutional Trading of TFI International

Several large investors have recently modified their holdings of TFII. iA Global Asset Management Inc. bought a new stake in shares of TFI International in the second quarter worth about $240,000. Industrial Alliance Investment Management Inc. grew its stake in shares of TFI International by 3.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock worth $413,000 after purchasing an additional 80 shares during the last quarter. Hillsdale Investment Management Inc. grew its stake in shares of TFI International by 1,200.0% in the first quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock worth $726,000 after purchasing an additional 4,200 shares during the last quarter. Summit Global Investments grew its stake in shares of 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 during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in TFI International by 6.9% in the first quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock worth $1,835,000 after buying an additional 743 shares during the period. 73.30% of the stock is owned by institutional investors.

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.