Bank of America Increases TFI International (NYSE:TFII) Price Target to $166.00

TFI International (NYSE:TFII) had its target price lifted by equities research analysts at Bank of America from $154.00 to $166.00 in a report issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Bank of America‘s price target would suggest a potential upside of 7.37% from the company’s current price.

Other analysts also recently issued reports about the company. Scotiabank upgraded TFI International from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, January 22nd. CIBC upped their price objective on TFI International from $167.00 to $175.00 and gave the stock an “outperformer” rating in a research report on Tuesday, April 2nd. Morgan Stanley upped their price objective on TFI International from $169.00 to $176.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. Royal Bank of Canada restated an “outperform” rating and set a $155.00 price objective on shares of TFI International in a research report on Monday, February 12th. Finally, Stifel Nicolaus upped their price objective on TFI International from $148.00 to $149.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $159.83.

TFI International Stock Performance

TFII opened at $154.61 on Monday. The firm has a market cap of $13.07 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 4.18 and a beta of 1.52. TFI International has a 52-week low of $100.96 and a 52-week high of $162.13. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.23 and a current ratio of 1.25. The business’s fifty day moving average is $151.87 and its 200-day moving average is $133.20.

TFI International (NYSE:TFII) last released its earnings results on Friday, February 9th. The company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.04. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.95 billion. TFI International had a return on equity of 20.92% and a net margin of 6.71%. TFI International’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.72 EPS. Sell-side analysts expect that TFI International will post 7.52 EPS for the current fiscal year.

Institutional Trading of TFI International

A number of hedge funds have recently bought and sold shares of the business. Cary Street Partners Investment Advisory LLC bought a new stake in shares of TFI International in the third quarter valued at $27,000. Parallel Advisors LLC raised its stake in shares of TFI International by 2.7% in the fourth quarter. Parallel Advisors LLC now owns 10,625 shares of the company’s stock valued at $1,445,000 after buying an additional 278 shares during the period. United Capital Financial Advisers LLC raised its stake in shares of TFI International by 4.1% in the second quarter. United Capital Financial Advisers LLC now owns 7,738 shares of the company’s stock valued at $882,000 after buying an additional 303 shares during the period. Van ECK Associates Corp raised its stake in shares of TFI International by 3.4% in the third quarter. Van ECK Associates Corp now owns 10,306 shares of the company’s stock valued at $1,324,000 after buying an additional 343 shares during the period. Finally, Argent Capital Management LLC raised its stake in shares of TFI International by 2.5% in the fourth quarter. Argent Capital Management LLC now owns 20,313 shares of the company’s stock valued at $2,762,000 after buying an additional 494 shares during the period. 73.30% of the stock is currently owned by institutional investors.

TFI International Company Profile

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.