TFI International (NYSE:TFII) Shares Down 4.9% on Analyst Downgrade

TFI International Inc. (NYSE:TFII)’s share price traded down 4.9% on Tuesday after Susquehanna lowered their price target on the stock from $170.00 to $135.00. Susquehanna currently has a positive rating on the stock. TFI International traded as low as $80.19 and last traded at $81.98. 746,534 shares traded hands during trading, an increase of 100% from the average session volume of 372,591 shares. The stock had previously closed at $86.21.

TFII has been the subject of a number of other reports. Stifel Nicolaus decreased their price target on TFI International from $147.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, February 21st. Royal Bank of Canada reduced their price objective on TFI International from $156.00 to $127.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Veritas cut TFI International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 21st. Bank of America lowered shares of TFI International from a “neutral” rating to an “underperform” rating in a research report on Thursday, February 20th. Finally, Citigroup lowered their price objective on shares of TFI International from $162.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, TFI International presently has an average rating of “Hold” and an average target price of $148.93.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TFII. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of TFI International by 7.8% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company’s stock worth $5,046,000 after buying an additional 2,696 shares in the last quarter. CDAM UK Ltd increased its holdings in TFI International by 2.5% during the 4th quarter. CDAM UK Ltd now owns 381,102 shares of the company’s stock worth $51,483,000 after acquiring an additional 9,200 shares during the period. Geode Capital Management LLC lifted its stake in TFI International by 31.5% in the 4th quarter. Geode Capital Management LLC now owns 469,263 shares of the company’s stock worth $64,345,000 after purchasing an additional 112,455 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in TFI International by 40.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock valued at $74,000 after purchasing an additional 160 shares during the period. Finally, Brown Brothers Harriman & Co. grew its position in shares of TFI International by 124.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock valued at $32,000 after purchasing an additional 131 shares in the last quarter. Institutional investors own 73.30% of the company’s stock.

TFI International Trading Down 5.1 %

The company has a debt-to-equity ratio of 0.86, a current ratio of 1.03 and a quick ratio of 0.96. The stock has a market cap of $6.89 billion, a P/E ratio of 16.38, a PEG ratio of 1.11 and a beta of 1.57. The firm’s fifty day moving average price is $127.05 and its two-hundred day moving average price is $137.83.

TFI International (NYSE:TFII) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.40). The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.54 billion. TFI International had a net margin of 5.08% and a return on equity of 18.40%. As a group, equities research analysts forecast that TFI International Inc. will post 7.76 EPS for the current year.

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.