Stifel Nicolaus Forecasts Strong Price Appreciation for TFI International (NYSE:TFII) Stock

TFI International (NYSE:TFII) had its price objective lifted by investment analysts at Stifel Nicolaus from $139.00 to $147.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 11.53% from the company’s current price.

Several other equities analysts have also recently issued reports on the company. CIBC boosted their target price on TFI International from $166.00 to $176.00 and gave the stock an “outperformer” rating in a research report on Wednesday, December 4th. Royal Bank of Canada dropped their price objective on TFI International from $167.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. National Bankshares reduced their target price on TFI International from $209.00 to $198.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. TD Securities lowered their price target on shares of TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, Desjardins upgraded shares of TFI International from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TFI International currently has an average rating of “Moderate Buy” and an average price target of $169.13.

TFI International Stock Down 4.4 %

Shares of NYSE:TFII opened at $131.80 on Thursday. The company has a market cap of $11.13 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 1.56 and a beta of 1.58. TFI International has a fifty-two week low of $126.00 and a fifty-two week high of $162.13. The firm’s 50-day simple moving average is $141.48 and its 200-day simple moving average is $143.19. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 0.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Plato Investment Management Ltd acquired a new position in shares of TFI International in the third quarter valued at approximately $134,000. Entropy Technologies LP acquired a new position in TFI International in the 3rd quarter valued at $643,000. Legato Capital Management LLC lifted its stake in shares of TFI International by 8.9% during the 4th quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock worth $1,414,000 after purchasing an additional 859 shares during the period. Canoe Financial LP acquired a new stake in shares of TFI International during the fourth quarter worth $1,853,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of TFI International in the third quarter valued at $2,373,000. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

TFI International Company Profile

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.