TFI International (NYSE:TFII) Price Target Raised to $116.00

TFI International (NYSE:TFII) had its price objective hoisted by JPMorgan Chase & Co. from $101.00 to $116.00 in a research report report published on Tuesday morning, MarketBeat.com reports. They currently have an overweight rating on the stock.

Several other equities analysts have also recently commented on TFII. CIBC lowered their price target on shares of TFI International from $118.00 to $110.00 and set an “outperformer” rating on the stock in a report on Tuesday, July 8th. Scotiabank downgraded TFI International from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, July 10th. Susquehanna raised their price target on TFI International from $100.00 to $105.00 and gave the stock a “positive” rating in a research note on Wednesday, June 18th. Citigroup lifted their price target on TFI International from $107.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Finally, UBS Group increased their price objective on TFI International from $88.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, TFI International currently has a consensus rating of “Moderate Buy” and an average price target of $117.13.

TFI International Price Performance

Shares of NYSE:TFII opened at $87.04 on Tuesday. The company has a market capitalization of $7.23 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 3.05 and a beta of 1.48. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.02 and a current ratio of 1.05. The stock has a fifty day moving average of $89.41 and a 200-day moving average of $94.54. TFI International has a one year low of $72.02 and a one year high of $157.77.

TFI International (NYSE:TFII) last posted its quarterly earnings data on Monday, July 28th. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.10. TFI International had a net margin of 4.48% and a return on equity of 15.45%. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.49 billion. As a group, equities analysts anticipate that TFI International will post 7.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TFII. Brown Brothers Harriman & Co. grew 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 acquiring an additional 131 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of TFI International by 40.5% during 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 in the last quarter. United Services Automobile Association bought a new stake in shares of TFI International during the first quarter valued at approximately $217,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of TFI International by 4.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company’s stock valued at $698,000 after purchasing an additional 363 shares in the last quarter. Finally, Entropy Technologies LP raised its position in TFI International by 46.9% in the 1st quarter. Entropy Technologies LP now owns 13,656 shares of the company’s stock worth $1,058,000 after purchasing an additional 4,361 shares during the last quarter. Institutional investors own 73.30% of the company’s stock.

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.