TFI International (NYSE:TFII) Stock Price Target Cut by RBC Dominion Securities

Key Points

• RBC Dominion Securities cut TFI International’s price target from $144 to $117 while maintaining an “outperform” rating, implying roughly 20% upside from the stock’s $97.25 price.
• Other analysts also lowered their targets, but overall sentiment remains positive: 16 analysts rate the stock “Buy” and five rate it “Hold,” producing a consensus “Moderate Buy” rating and average target of $147.32.
• TFI International’s latest quarterly earnings missed expectations, with EPS of $1.67 versus the $1.75 consensus estimate, while revenue matched estimates at $2.23 billion.

TFI International (NYSE:TFII - Get Free Report) had its price objective dropped by RBC Dominion Securities from $144.00 to $117.00 in a research report issued to clients and investors on Monday, BayStreet reports. The firm presently has an "outperform" rating on the stock. RBC Dominion Securities's target price points to a potential upside of 20.31% from the stock's current price.

TFII has been the topic of several other reports. Stephens dropped their price objective on TFI International from $160.00 to $140.00 and set an "overweight" rating on the stock in a research note on Monday. Scotia upped their price objective 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. Morgan Stanley reduced their price objective on TFI International from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Monday. Scotiabank reissued an "outperform" rating on shares of TFI International in a research report on Thursday, October 15th. Finally, BMO Capital Markets reissued a "market perform" rating on shares of TFI International in a research report on Wednesday, October 7th. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, TFI International has a consensus rating of "Moderate Buy" and an average target price of $147.32.

TFI International Trading Up 4.2%

Shares of TFI International stock traded up $3.93 on Monday, hitting $97.25. 464,686 shares of the company's stock traded hands, compared to its average volume of 370,738. TFI International has a one year low of $80.63 and a one year high of $167.69. 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 fifty day moving average of $122.28 and a two-hundred day moving average of $129.26. The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 0.59 and a beta of 1.68.

TFI International (NYSE:TFII - Get Free Report) last announced its quarterly earnings results 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). 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 during the quarter, compared to the consensus estimate of $2.23 billion. As a group, sell-side analysts expect that TFI International will post 5.95 earnings per share for the current year.

Hedge Funds Weigh In On TFI International

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