Royal Bank Of Canada Issues Pessimistic Forecast for TFI International (NYSE:TFII) Stock Price

Key Points

• Royal Bank of Canada lowered TFI International’s price target from $144 to $117 while maintaining an “outperform” rating, implying 21.83% upside from the prior close.
• Analyst sentiment remains positive overall: 14 analysts rate the stock a Buy and five a Hold, resulting in a “Moderate Buy” consensus and an average target price of $164.88.
• TFI shares traded at $96.04, well below their 50-day and 200-day moving averages, after the company reported quarterly earnings of $1.67 per share—below the $1.75 analyst estimate—despite revenue matching expectations at $2.23 billion.

TFI International (NYSE:TFII - Get Free Report) had its price target dropped by equities research analysts at Royal Bank Of Canada from $144.00 to $117.00 in a research report issued on Monday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target suggests a potential upside of 21.83% from the company's previous close.

Other equities research analysts have also recently issued research reports about the stock. Citigroup restated a "cautious" rating on shares of TFI International in a research note on Wednesday, October 7th. Canadian Imperial Bank of Commerce dropped their price target on shares of TFI International from $175.00 to $158.00 and set an "outperformer" rating for the company in a research report on Monday, October 5th. TD Cowen increased their price objective on shares of TFI International from $154.00 to $158.00 and gave the stock a "buy" rating in a research note on Tuesday, July 28th. Morgan Stanley increased their price objective on shares of TFI International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of TFI International from $175.00 to $168.00 and set an "overweight" rating on the stock in a research report on Monday, October 5th. Fourteen 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.88.

TFI International Stock Performance

Shares of NYSE TFII traded up $2.72 during trading on Monday, hitting $96.04. The company had a trading volume of 250,928 shares, compared to its average volume of 369,745. The stock has a 50 day simple moving average of $122.28 and a 200 day simple moving average of $129.26. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.10 and a current ratio of 1.11. TFI International has a 12 month low of $80.63 and a 12 month high of $167.69. The firm has a market capitalization of $7.89 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 0.59 and a beta of 1.68.

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

Institutional Trading of TFI International

Several institutional investors and hedge funds have recently added to or reduced their stakes in TFII. Caisse de depot et placement du Quebec bought a new position in TFI International in the 2nd quarter worth approximately $910,995,000. Jupiter Topco LLC purchased a new position in shares of TFI International in the second quarter worth $515,259,000. Maple Rock Capital Partners Inc. lifted 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 worth $203,641,000 after buying an additional 56,578 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of TFI International during the second quarter worth $189,264,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of TFI International during the second quarter worth $136,656,000. Institutional investors own 73.30% of the company's stock.

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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