TFI International (NYSE:TFII) Stock Price Expected to Rise, CIBC Analyst Says

TFI International (NYSE:TFII) had its price target increased by research analysts at CIBC from $166.00 to $176.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperformer” rating on the stock. CIBC’s target price indicates a potential upside of 15.22% from the company’s previous close.

Several other brokerages also recently issued reports on TFII. The Goldman Sachs Group cut their target price on shares of TFI International from $189.00 to $184.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Stephens reissued an “equal weight” rating and issued a $149.00 price target (down from $176.00) on shares of TFI International in a report on Tuesday, October 1st. Susquehanna lowered their price target on shares of TFI International from $180.00 to $170.00 and set a “positive” rating on the stock in a report on Wednesday, October 23rd. Stifel Nicolaus cut shares of TFI International from a “buy” rating to a “hold” rating and lowered their price target for the company from $158.00 to $142.00 in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of TFI International from $181.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.19.

TFI International Trading Up 0.2 %

TFI International stock opened at $152.75 on Wednesday. The firm has a 50-day moving average of $141.02 and a 200-day moving average of $143.21. TFI International has a one year low of $111.72 and a one year high of $162.13. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96. The company has a market cap of $12.93 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 1.94 and a beta of 1.56.

TFI International (NYSE:TFII) last issued its earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.19). TFI International had a net margin of 5.67% and a return on equity of 20.25%. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the business posted $1.57 earnings per share. On average, equities analysts expect that TFI International will post 6.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Plato Investment Management Ltd bought a new position in TFI International in the third quarter valued at approximately $134,000. iA Global Asset Management Inc. bought a new position in TFI International in the second quarter valued at approximately $240,000. Entropy Technologies LP bought a new position in TFI International in the third quarter valued at approximately $643,000. Summit Global Investments boosted its position in TFI International by 83.7% in the second quarter. Summit Global Investments now owns 6,610 shares of the company’s stock valued at $959,000 after buying an additional 3,012 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in TFI International in the third quarter valued at approximately $2,373,000. 73.30% of the stock is owned by institutional investors.

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.