TFI International (NYSE:TFII) PT Set at $170.00 by Desjardins

Key Points

• Desjardins set a $170 price target for TFI International and reiterated a “buy” rating, implying 74.81% upside from the stock’s $97.25 price at the time of reporting.
• Analyst sentiment remains broadly positive, with 16 Buy ratings and five Holds producing a “Moderate Buy” consensus and an average target of $147.32. However, several firms recently lowered their targets, citing weaker near-term expectations.
• TFI’s latest quarterly results were mixed: revenue matched estimates at $2.23 billion, but EPS of $1.67 fell short of the $1.75 consensus forecast.

TFI International (NYSE:TFII - Get Free Report) received a $170.00 price target from equities research analysts at Desjardins in a research report issued to clients and investors on Monday, BayStreet reports. The firm currently has a "buy" rating on the stock. Desjardins's target price indicates a potential upside of 74.81% from the company's current price.

Several other research analysts also recently weighed in on the stock. Stephens cut their target price on shares of TFI International from $160.00 to $140.00 and set an "overweight" rating for the company in a research note on Monday. Wall Street Zen downgraded shares of TFI International from a "strong-buy" rating to a "buy" rating in a report on Saturday, October 10th. Bank of America boosted their price objective on shares of TFI International from $178.00 to $187.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. Morgan Stanley reduced their price objective on shares of TFI International from $190.00 to $175.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, RBC Dominion Securities decreased their target price on shares of TFI International from $144.00 to $117.00 and set an "outperform" rating on the stock in a research report on Monday. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, TFI International currently has a consensus rating of "Moderate Buy" and an average price target of $147.32.

TFI International Stock Up 4.2%

Shares of NYSE TFII traded up $3.93 during midday trading on Monday, hitting $97.25. 464,686 shares of the company's stock were exchanged, compared to its average volume of 370,738. The company has a market cap of $7.99 billion, a PE 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 current ratio of 1.11 and a quick ratio of 1.10. TFI International has a twelve month low of $80.63 and a twelve month high of $167.69. The firm's fifty day simple moving average is $122.28 and its 200-day simple moving average is $129.26.

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

Institutional Trading of TFI International

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new position in shares of TFI International in the 3rd quarter worth $36,000. Allworth Financial LP acquired a new position in TFI International in the second quarter valued at $46,000. State of Wyoming purchased a new stake in TFI International during the second quarter valued at about $56,000. Versant Capital Management Inc grew its position in TFI International by 47.3% during the second quarter. Versant Capital Management Inc now owns 408 shares of the company's stock valued at $59,000 after acquiring an additional 131 shares during the period. Finally, Tacita Capital Inc acquired a new stake in TFI International during the second quarter worth about $91,000. 73.30% of the stock is currently owned by institutional investors and hedge funds.

More TFI International News

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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