TFI International (NYSE:TFII) Stock Moved Down to Strong Sell by Zacks Research

Zacks Research lowered shares of TFI International (NYSE:TFII) from a hold rating to a strong sell rating in a research note published on Thursday morning,Zacks reports.

Several other equities research analysts have also recently weighed in on TFII. Susquehanna decreased their target price on TFI International from $185.00 to $164.00 and set a “positive” rating for the company in a research note on Friday, October 2nd. Wall Street Zen lowered shares of TFI International from a “buy” rating to a “hold” rating in a research note on Saturday. BMO Capital Markets reiterated a “market perform” rating on shares of TFI International in a research note on Wednesday, October 7th. Veritas initiated coverage on shares of TFI International in a report on Tuesday. They set a “hold” rating on the stock. Finally, Royal Bank Of Canada reduced their price objective on shares of TFI International from $144.00 to $117.00 and set an “outperform” rating for the company in a research report on Monday, November 2nd. Sixteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $145.32.

TFI International Stock Down 2.0%

NYSE:TFII traded down $1.89 during trading hours on Thursday, hitting $94.75. The company’s stock had a trading volume of 364,381 shares, compared to its average volume of 449,382. The stock has a market capitalization of $7.79 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 0.63 and a beta of 1.67. The stock has a fifty day moving average of $118.30 and a 200-day moving average of $128.90. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.79. TFI International has a 52-week low of $80.63 and a 52-week high of $167.69.

TFI International (NYSE:TFII) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.08). The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.23 billion. TFI International had a return on equity of 16.05% and a net margin of 4.26%. On average, equities analysts forecast that TFI International will post 5.56 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Caisse de depot et placement du Quebec acquired a new position in TFI International during the second quarter worth approximately $910,995,000. Jupiter Topco LLC acquired a new stake in shares of TFI International in the second quarter valued at approximately $515,259,000. Maple Rock Capital Partners Inc. boosted its holdings in shares of TFI International by 4.2% in the second quarter. Maple Rock Capital Partners Inc. now owns 1,418,409 shares of the company’s stock valued at $203,641,000 after acquiring an additional 56,578 shares during the period. The Manufacturers Life Insurance Company purchased a new position in shares of TFI International during the second quarter worth approximately $189,264,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of TFI International during the second quarter worth approximately $136,656,000. Hedge funds and other institutional investors own 73.30% of the company’s stock.

TFI International Company Profile

TFI International Inc is a North American transportation and logistics company headquartered in Saint-Laurent, Quebec. The company provides a broad range of freight and supply chain services through a network of operating companies in Canada and the United States.

Its business activities include package and courier delivery, less-than-truckload and truckload transportation, freight brokerage, logistics, warehousing, and specialized services. TFI International also serves niche transportation markets, including waste management, environmental services, and other specialized freight requirements.

The company traces its origins to 1957 and has expanded through organic growth and acquisitions.