Bank of America Boosts TFI International (NYSE:TFII) Price Target to $92.00

TFI International (NYSE:TFII) had its target price boosted by Bank of America from $90.00 to $92.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “underperform” rating on the stock. Bank of America‘s target price suggests a potential upside of 4.75% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Susquehanna Bancshares lowered their price objective on shares of TFI International from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. National Bank Financial upgraded shares of TFI International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 3rd. Susquehanna raised their target price on TFI International from $100.00 to $105.00 and gave the stock a “positive” rating in a research report on Wednesday, June 18th. BMO Capital Markets reduced their target price on TFI International from $89.00 to $88.00 and set a “market perform” rating for the company in a research report on Friday, April 25th. Finally, Royal Bank Of Canada reduced their target price on TFI International from $98.00 to $94.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.13.

TFI International Trading Down 6.3%

NYSE:TFII opened at $87.83 on Tuesday. TFI International has a 12 month low of $72.02 and a 12 month high of $157.77. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 20.14, a P/E/G ratio of 2.93 and a beta of 1.48. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 0.88. The company’s 50 day moving average is $89.41 and its 200-day moving average is $94.86.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.10. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.49 billion. TFI International had a net margin of 4.48% and a return on equity of 15.45%. Equities analysts anticipate that TFI International will post 7.76 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. raised its holdings in shares of TFI International by 124.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock valued at $32,000 after buying an additional 131 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in TFI International by 40.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock worth $74,000 after purchasing an additional 160 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in TFI International by 4.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company’s stock worth $698,000 after purchasing an additional 363 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its position in 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 purchasing an additional 2,696 shares during the period. Finally, United Services Automobile Association acquired a new stake in TFI International in the first quarter worth about $217,000. 73.30% of the stock is owned by institutional investors.

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.