The Goldman Sachs Group Has Lowered Expectations for TFI International (NYSE:TFII) Stock Price

TFI International (NYSE:TFII) had its price objective cut by stock analysts at The Goldman Sachs Group from $176.00 to $150.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 56.24% from the company’s previous close.

Several other equities research analysts have also commented on the company. Desjardins upgraded TFI International from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Stifel Nicolaus dropped their price target on TFI International from $147.00 to $120.00 and set a “hold” rating for the company in a research note on Friday. Citigroup upped their price target on TFI International from $158.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. CIBC dropped their price target on TFI International from $160.00 to $141.00 and set an “outperformer” rating for the company in a research note on Friday. Finally, Bank of America lowered TFI International from a “neutral” rating to an “underperform” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, TFI International currently has an average rating of “Moderate Buy” and a consensus target price of $159.43.

TFI International Trading Down 5.4 %

NYSE TFII traded down $5.48 during trading hours on Friday, hitting $96.01. 533,997 shares of the company’s stock were exchanged, compared to its average volume of 272,218. The business’s 50 day moving average is $134.73 and its 200-day moving average is $140.62. TFI International has a 12-month low of $95.90 and a 12-month high of $162.13. The firm has a market capitalization of $8.08 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 1.40 and a beta of 1.57. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.96 and a current ratio of 0.98.

TFI International (NYSE:TFII) last released its 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 for the quarter, compared to analysts’ expectations of $1.54 billion. TFI International had a return on equity of 18.43% and a net margin of 5.08%. As a group, analysts anticipate that TFI International will post 7.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TFII. Brown Brothers Harriman & Co. lifted its holdings in TFI International by 124.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock worth $32,000 after buying an additional 131 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in TFI International by 40.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock worth $74,000 after buying an additional 160 shares during the last quarter. Plato Investment Management Ltd bought a new position in TFI International during the 3rd quarter worth approximately $134,000. Entropy Technologies LP bought a new position in TFI International during the 3rd quarter worth approximately $643,000. Finally, Legato Capital Management LLC lifted its holdings in 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 buying an additional 859 shares during the last quarter. Institutional investors own 73.30% of the company’s stock.

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.