TFI International (NYSE:TFII) Sees Strong Trading Volume

Shares of TFI International Inc. (NYSE:TFIIGet Rating) saw unusually-strong trading volume on Wednesday . Approximately 5,522 shares were traded during mid-day trading, a decline of 98% from the previous session’s volume of 264,505 shares.The stock last traded at $102.09 and had previously closed at $102.84.

Wall Street Analysts Forecast Growth

TFII has been the topic of several recent analyst reports. Stifel Nicolaus increased their price objective on shares of TFI International from $127.00 to $129.00 in a research report on Tuesday, August 2nd. Cowen raised their price target on shares of TFI International from $102.00 to $120.00 in a report on Monday, August 1st. Credit Suisse Group raised their price target on shares of TFI International from $103.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 1st. National Bank Financial raised their price target on shares of TFI International from C$150.00 to C$152.00 in a report on Tuesday, August 23rd. Finally, Royal Bank of Canada raised their price target on shares of TFI International from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, August 23rd. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.56.

TFI International Stock Performance

The company has a market cap of $8.83 billion, a PE ratio of 13.35, a P/E/G ratio of 0.62 and a beta of 1.70. The business’s fifty day moving average is $98.91 and its 200-day moving average is $90.87. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.71.

Institutional Investors Weigh In On TFI International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aurora Investment Counsel raised its stake in TFI International by 12.1% during the 2nd quarter. Aurora Investment Counsel now owns 14,326 shares of the company’s stock worth $1,150,000 after acquiring an additional 1,548 shares during the period. Turtle Creek Asset Management Inc. raised its stake in TFI International by 40.2% during the 2nd quarter. Turtle Creek Asset Management Inc. now owns 2,361,086 shares of the company’s stock worth $189,548,000 after acquiring an additional 676,650 shares during the period. Forsta AP Fonden bought a new stake in TFI International during the 2nd quarter worth approximately $200,000. Cumberland Partners Ltd raised its stake in TFI International by 45.0% during the 2nd quarter. Cumberland Partners Ltd now owns 16,100 shares of the company’s stock worth $1,290,000 after acquiring an additional 5,000 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in TFI International by 16,900.0% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 68,000 shares of the company’s stock worth $9,063,000 after acquiring an additional 67,600 shares during the period. Institutional investors own 59.79% of the company’s stock.

About TFI International

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TFI International Inc provides transportation and logistics services in the United States, Canada, and Mexico. 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.

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