Scotia Has Lowered Expectations for TFI International (NYSE:TFII) Stock Price

Key Points

• Scotia lowered TFI International’s price target from $168 to $138 while maintaining a “sector outperform” rating, implying about 41.9% upside from the stock’s prior close.
• Analyst sentiment remains broadly positive: 16 analysts rate the stock a Buy and five a Hold, producing a “Moderate Buy” consensus rating and an average target of $147.32.
• TFI shares rose 4.2% to $97.25, despite the company’s latest quarterly earnings per share of $1.67 falling short of the $1.75 consensus estimate; revenue matched expectations at $2.23 billion.

TFI International (NYSE:TFII - Get Free Report) had its price objective reduced by investment analysts at Scotia from $168.00 to $138.00 in a report issued on Monday, BayStreet reports. The brokerage presently has a "sector outperform" rating on the stock. Scotia's price target points to a potential upside of 41.91% from the stock's previous close.

Other research analysts also recently issued reports about the stock. BMO Capital Markets restated a "market perform" rating on shares of TFI International in a research report on Wednesday, October 7th. Susquehanna reduced their price objective on TFI International from $185.00 to $164.00 and set a "positive" rating for the company in a research note on Friday, October 2nd. TD Cowen decreased their price objective on TFI International from $158.00 to $119.00 and set a "buy" rating for the company in a report on Monday. TD upped their target price on TFI International from $153.00 to $154.00 and gave the stock a "buy" rating in a research note on Wednesday, July 8th. Finally, Wall Street Zen downgraded TFI International from a "strong-buy" rating to a "buy" rating in a report on Saturday, October 10th. Sixteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $147.32.

TFI International Stock Up 4.2%

TFII traded up $3.93 on Monday, hitting $97.25. The company had a trading volume of 464,686 shares, compared to its average volume of 370,738. The stock has a market capitalization of $7.99 billion, a price-to-earnings ratio of 22.52, 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 quick ratio of 1.10 and a current ratio of 1.11. The stock has a fifty day moving average price of $122.28 and a 200-day moving average price of $129.26. 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 issued its quarterly 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 during the quarter, compared to analyst estimates of $2.23 billion. Analysts predict that TFI International will post 5.95 EPS for the current fiscal year.

Institutional Trading of TFI International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vise Technologies Inc. raised its stake in TFI International by 15.0% during the third quarter. Vise Technologies Inc. now owns 3,684 shares of the company's stock worth $442,000 after purchasing an additional 481 shares during the period. Laurel Wealth Advisors LLC purchased a new stake in shares of TFI International in the 3rd quarter valued at approximately $36,000. Guardian Partners Inc. increased its holdings in shares of TFI International by 1.1% during the 3rd quarter. Guardian Partners Inc. now owns 37,960 shares of the company's stock worth $4,563,000 after buying an additional 412 shares during the last quarter. Value Partners Investments Inc. raised its position in shares of TFI International by 4.7% during the 3rd quarter. Value Partners Investments Inc. now owns 18,857 shares of the company's stock valued at $2,268,000 after buying an additional 838 shares during the period. Finally, Financial & Tax Architects LLC grew its position in TFI International by 31.4% in the third quarter. Financial & Tax Architects LLC now owns 4,677 shares of the company's stock worth $561,000 after acquiring an additional 1,117 shares during the period. 73.30% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about TFI International

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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