Citigroup Issues Pessimistic Forecast for TFI International (NYSE:TFII) Stock Price

Key Points

• Citigroup cut TFI International’s price target from $157 to $123 while maintaining a “buy” rating, implying 26.21% upside from the stock’s $97.46 price.
• Analyst sentiment remains generally positive, with 14 buy ratings and five holds producing a “Moderate Buy” consensus and an average target of $155.12, despite several recent target reductions.
• TFI International missed quarterly earnings expectations, reporting $1.67 in EPS versus the $1.75 consensus estimate, while revenue matched forecasts at $2.23 billion.

TFI International (NYSE:TFII - Get Free Report) had its price target dropped by analysts at Citigroup from $157.00 to $123.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Citigroup's target price points to a potential upside of 26.21% from the company's current price.

TFII has been the subject of a number of other reports. Scotia increased their price target on TFI International from $260.00 to $263.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 28th. The Goldman Sachs Group dropped their price target on shares of TFI International from $178.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday. Bank of America lifted their price target on TFI International from $178.00 to $187.00 and gave the stock a "buy" rating in a report on Tuesday, July 28th. Stifel Nicolaus lowered their target price on TFI International from $132.00 to $107.00 and set a "hold" rating on the stock in a research note on Monday. Finally, Scotiabank restated an "outperform" rating on shares of TFI International in a research note on Thursday, October 15th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, TFI International has a consensus rating of "Moderate Buy" and an average target price of $155.12.

TFI International Price Performance

NYSE:TFII traded up $4.14 during mid-day trading on Monday, reaching $97.46. The stock had a trading volume of 440,551 shares, compared to its average volume of 370,631. The stock has a 50-day simple moving average of $122.28 and a two-hundred day simple moving average of $129.26. The stock has a market capitalization of $8.01 billion, a PE ratio of 22.48, a P/E/G ratio of 0.59 and a beta of 1.68. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.10. TFI International has a 12 month low of $80.63 and a 12 month high of $167.69.

TFI International (NYSE:TFII - Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.08). TFI International had a return on equity of 16.05% and a net margin of 4.26%. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.23 billion. On average, equities analysts anticipate that TFI International will post 5.95 earnings per share for the current year.

Institutional Investors Weigh In On TFI International

Institutional investors have recently made changes to their positions in the business. Caisse de depot et placement du Quebec bought a new position in shares of TFI International during the second quarter valued at about $910,995,000. Jupiter Topco LLC bought a new position in TFI International during the 2nd quarter worth approximately $515,259,000. Maple Rock Capital Partners Inc. grew its position in TFI International by 4.2% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,418,409 shares of the company's stock worth $203,641,000 after acquiring an additional 56,578 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in TFI International in the 2nd quarter worth approximately $189,264,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in TFI International in the second quarter valued at approximately $136,656,000. Hedge funds and other institutional investors own 73.30% of the company's stock.

TFI International News Roundup

Here are the key news stories impacting TFI International this week:

• Positive Sentiment: Goldman Sachs retained a “buy” rating and set a $155 price target, implying substantial upside from current levels. Goldman Sachs TFI International analyst rating
• Positive Sentiment: Morgan Stanley maintained its “overweight” rating with a $175 target, indicating continued confidence in TFI International’s longer-term recovery potential. Morgan Stanley TFI International analyst rating
• Positive Sentiment: Stephens kept an “overweight” rating and established a $140 target, still representing meaningful potential appreciation. Stephens TFI International analyst rating
• Positive Sentiment: TD Cowen maintained a “buy” rating with a $119 target, while RBC retained an “outperform” rating and a $117 target. TD Cowen TFI International analyst rating RBC TFI International analyst rating
• Negative Sentiment: All five firms lowered their targets, including cuts of $15 to $35 per share. The reductions suggest weaker near-term earnings expectations despite the analysts’ continued bullish ratings and could limit investor enthusiasm.

About TFI International

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.

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