TFI International (NYSE:TFII) Given New $120.00 Price Target at Canadian Imperial Bank of Commerce

Key Points

• CIBC cut its price target for TFI International from $158 to $120 while maintaining an “outperformer” rating, implying approximately 24% upside from the stock’s reported $96.50 price.
• Analyst sentiment remains broadly positive, with 16 Buy ratings and five Holds producing a “Moderate Buy” consensus and an average target of $145.32, despite several firms lowering their targets.
• TFI reported quarterly EPS of $1.67, below the $1.75 consensus estimate, while revenue matched expectations at $2.23 billion. Institutional investors own 73.3% of the company’s shares.

TFI International (NYSE:TFII - Get Free Report) had its price objective lowered by analysts at Canadian Imperial Bank of Commerce from $158.00 to $120.00 in a research report issued on Monday, Benzinga reports. The firm presently has an "outperformer" rating on the stock. Canadian Imperial Bank of Commerce's target price would suggest a potential upside of 24.35% from the stock's current price.

Other equities analysts have also issued reports about the stock. National Bank Financial lowered their price target on shares of TFI International from $161.00 to $148.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 6th. Royal Bank Of Canada cut their price objective on shares of TFI International from $144.00 to $117.00 and set an "outperform" rating for the company in a report on Monday. TD increased their target price on shares of TFI International from $153.00 to $154.00 and gave the stock a "buy" rating in a research report on Wednesday, July 8th. Citigroup lowered their target price on shares of TFI International from $157.00 to $123.00 and set a "buy" rating on the stock in a report on Monday. Finally, Zacks Research downgraded shares of TFI International from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 28th. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $145.32.

TFI International Stock Performance

TFII traded up $3.19 during trading on Monday, hitting $96.50. The stock had a trading volume of 514,296 shares, compared to its average volume of 371,077. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.10. The company has a 50 day moving average price of $122.28 and a 200-day moving average price of $129.26. TFI International has a one year low of $80.63 and a one year high of $167.69. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 0.59 and a beta of 1.63.

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 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 firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.23 billion. As a group, research analysts predict that TFI International will post 5.95 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TFII. Caisse de depot et placement du Quebec bought a new position in shares of TFI International in the 2nd quarter valued at $910,995,000. Jupiter Topco LLC acquired a new position in shares of TFI International during the second quarter worth $515,259,000. The Manufacturers Life Insurance Company bought a new stake in shares of TFI International in the second quarter worth $189,264,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of TFI International in the second quarter worth $136,656,000. Finally, Canada Pension Plan Investment Board acquired a new stake in TFI International in the second quarter valued at $61,329,000. Institutional investors and hedge funds own 73.30% of the company's stock.

Key Stories Impacting 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.

TFI International Company Profile

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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