Royal Bank of Canada reissued their outperform rating on shares of TFI International (NYSE:TFII – Free Report) in a research note released on Monday, Benzinga reports. The firm currently has a $155.00 price objective on the stock.
Other research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft assumed coverage on TFI International in a research report on Monday, January 29th. They set a buy rating and a $175.00 price objective on the stock. Scotiabank upgraded TFI International from a sector perform rating to a sector outperform rating in a research report on Monday, January 22nd. BMO Capital Markets raised their price target on TFI International from $130.00 to $140.00 and gave the stock a market perform rating in a research report on Monday. Morgan Stanley raised their price target on TFI International from $160.00 to $164.00 and gave the stock an overweight rating in a research report on Wednesday, October 25th. Finally, JPMorgan Chase & Co. decreased their price target on TFI International from $133.00 to $132.00 and set an overweight rating on the stock in a research report on Thursday, December 21st. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $156.28.
TFI International Stock Up 1.1 %
TFI International (NYSE:TFII – Get Free Report) last posted its quarterly earnings data on Friday, February 9th. The company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.04. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.95 billion. TFI International had a return on equity of 20.92% and a net margin of 6.71%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business earned $1.72 EPS. On average, equities analysts anticipate that TFI International will post 7.78 earnings per share for the current year.
Institutional Investors Weigh In On TFI International
A number of hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in TFI International by 11.8% in the second quarter. JPMorgan Chase & Co. now owns 355,237 shares of the company’s stock worth $40,483,000 after purchasing an additional 37,443 shares in the last quarter. Geode Capital Management LLC increased its holdings 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 valued at $31,698,000 after acquiring an additional 24,872 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of TFI International by 2.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 171,301 shares of the company’s stock valued at $23,378,000 after acquiring an additional 4,113 shares in the last quarter. Amundi increased its holdings in shares of TFI International by 6.1% during the fourth quarter. Amundi now owns 161,222 shares of the company’s stock valued at $17,286,000 after acquiring an additional 9,262 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of TFI International by 0.9% during the third quarter. Bank of New York Mellon Corp now owns 132,859 shares of the company’s stock valued at $12,022,000 after acquiring an additional 1,208 shares in the last quarter. 60.32% of the stock is currently owned by institutional investors.
About TFI International
TFI International Inc provides transportation and logistics services in the United States, Canada, and Mexico. 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.
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