TFI International (NYSE:TFII) Raised to “Neutral” at Bank of America

TFI International (NYSE:TFII) was upgraded by Bank of America from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a $123.00 price target on the stock, up from their previous price target of $111.00. Bank of America‘s price target indicates a potential upside of 3.12% from the company’s previous close.

A number of other research firms also recently commented on TFII. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TFI International in a research report on Monday, December 29th. Citigroup lifted their target price on TFI International from $106.00 to $131.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. TD Cowen reissued a “buy” rating and issued a $130.00 target price (up from $112.00) on shares of TFI International in a research report on Wednesday. JPMorgan Chase & Co. lifted their price target on TFI International from $106.00 to $141.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $160.00 price objective on shares of TFI International in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, TFI International presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.00.

TFI International Trading Up 0.6%

Shares of NYSE:TFII opened at $119.28 on Thursday. TFI International has a 52 week low of $72.02 and a 52 week high of $127.44. The company’s 50 day moving average is $111.59 and its two-hundred day moving average is $98.21. The company has a market cap of $9.80 billion, a PE ratio of 32.06, a P/E/G ratio of 1.67 and a beta of 1.55. The company has a current ratio of 1.03, a quick ratio of 1.05 and a debt-to-equity ratio of 0.88.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.24. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.37 billion. TFI International had a return on equity of 13.73% and a net margin of 3.94%. Equities analysts predict that TFI International will post 7.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TFI International

Hedge funds and other institutional investors have recently bought and sold shares of the company. New York State Common Retirement Fund acquired a new stake in shares of TFI International in the 4th quarter valued at approximately $782,000. Caldwell Investment Management Ltd. purchased a new position in TFI International in the fourth quarter worth $1,484,000. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in TFI International by 0.5% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 24,172 shares of the company’s stock valued at $2,498,000 after acquiring an additional 121 shares during the period. Geode Capital Management LLC boosted its position in shares of TFI International by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 733,510 shares of the company’s stock worth $76,293,000 after purchasing an additional 38,200 shares in the last quarter. Finally, Legato Capital Management LLC increased its holdings in shares of TFI International by 234.2% in the 4th quarter. Legato Capital Management LLC now owns 16,106 shares of the company’s stock valued at $1,665,000 after purchasing an additional 11,287 shares in the last quarter. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

About TFI International

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.