The Goldman Sachs Group Increases TFI International (NYSE:TFII) Price Target to $173.00

TFI International (NYSE:TFII) had its price objective lifted by equities researchers at The Goldman Sachs Group from $157.00 to $173.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 10.86% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of TFI International in a research report on Monday, January 29th. They issued a “buy” rating and a $175.00 price objective for the company. CIBC raised their price target on TFI International from $167.00 to $175.00 and gave the company an “outperformer” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. lowered their price objective on TFI International from $133.00 to $132.00 and set an “overweight” rating for the company in a research report on Thursday, December 21st. Stifel Nicolaus upped their target price on shares of TFI International from $148.00 to $149.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Morgan Stanley raised their target price on shares of TFI International from $169.00 to $176.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $158.39.

TFI International Price Performance

TFI International stock opened at $156.05 on Thursday. The business’s fifty day moving average is $151.00 and its two-hundred day moving average is $132.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.23 and a current ratio of 1.25. The firm has a market cap of $13.20 billion, a P/E ratio of 26.86, a P/E/G ratio of 4.25 and a beta of 1.52. TFI International has a 52 week low of $100.96 and a 52 week high of $162.13.

TFI International (NYSE:TFII) last issued its quarterly earnings results on Friday, February 9th. The company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.04. TFI International had a net margin of 6.71% and a return on equity of 20.92%. The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company earned $1.72 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. Equities research analysts forecast that TFI International will post 7.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TFI International

Several institutional investors and hedge funds have recently modified their holdings of TFII. Marshall Wace LLP bought a new position in TFI International during the 4th quarter worth about $5,941,000. Geode Capital Management LLC boosted its position in shares of TFI International by 9.8% during the second quarter. Geode Capital Management LLC now owns 277,978 shares of the company’s stock worth $31,698,000 after buying an additional 24,872 shares during the period. CDAM UK Ltd grew its holdings in shares of TFI International by 6.9% during the fourth quarter. CDAM UK Ltd now owns 381,912 shares of the company’s stock worth $51,932,000 after buying an additional 24,730 shares in the last quarter. Argent Capital Management LLC acquired a new stake in TFI International in the 3rd quarter valued at approximately $2,545,000. Finally, AGF Management Ltd. raised its position in TFI International by 67.5% in the 4th quarter. AGF Management Ltd. now owns 41,139 shares of the company’s stock valued at $5,596,000 after buying an additional 16,573 shares during the last quarter. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.