The Goldman Sachs Group Issues Pessimistic Forecast for TFI International (NYSE:TFII) Stock Price

Key Points

• Goldman Sachs lowered its TFI International price target from $178 to $155 but maintained a “buy” rating, implying approximately 59.8% upside from the stock’s $96.98 price.
• Several analysts also reduced their targets, though overall sentiment remains positive: 14 analysts rate the stock a Buy and five rate it a Hold, producing a “Moderate Buy” consensus and a $160.94 average target.
• TFI’s latest quarterly earnings missed expectations, with EPS of $1.67 versus the $1.75 estimate, while revenue matched forecasts at $2.23 billion. Institutional investors own 73.3% of the company.

TFI International (NYSE:TFII - Get Free Report) had its target price decreased by equities research analysts at The Goldman Sachs Group from $178.00 to $155.00 in a report released on Monday, Benzinga reports. The firm presently has a "buy" rating on the stock. The Goldman Sachs Group's target price points to a potential upside of 59.82% from the stock's current price.

A number of other equities analysts have also weighed in on the company. Canadian Imperial Bank of Commerce reduced their price objective on TFI International from $175.00 to $158.00 and set an "outperformer" rating for the company in a research note on Monday, October 5th. Susquehanna lowered their target price on TFI International from $185.00 to $164.00 and set a "positive" rating on the stock in a research note on Friday, October 2nd. Wall Street Zen lowered TFI International from a "strong-buy" rating to a "buy" rating in a report on Saturday, October 10th. Weiss Ratings restated a "hold (c)" rating on shares of TFI International in a research report on Monday, September 21st. Finally, Stifel Nicolaus dropped their price objective on shares of TFI International from $132.00 to $107.00 and set a "hold" rating on the stock in a research note on Monday. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, TFI International presently has a consensus rating of "Moderate Buy" and a consensus price target of $160.94.

TFI International Stock Up 3.9%

TFI International stock traded up $3.66 during mid-day trading on Monday, reaching $96.98. 382,697 shares of the company were exchanged, compared to its average volume of 370,455. 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 firm has a market cap of $7.97 billion, a P/E ratio of 22.38, a PEG ratio of 0.59 and a beta of 1.68. The business has a fifty day moving average of $122.28 and a 200 day moving average 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 posted its quarterly earnings data on Thursday, October 29th. The company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.08). The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.23 billion. TFI International had a return on equity of 16.05% and a net margin of 4.26%. Research analysts anticipate that TFI International will post 5.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TFI International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vise Technologies Inc. boosted its holdings in TFI International by 15.0% in the 3rd quarter. Vise Technologies Inc. now owns 3,684 shares of the company's stock valued at $442,000 after purchasing an additional 481 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new stake in shares of TFI International during the 3rd quarter valued at approximately $36,000. Guardian Partners Inc. lifted its position 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 valued at $4,563,000 after acquiring an additional 412 shares during the period. Value Partners Investments Inc. boosted its stake 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 worth $2,268,000 after acquiring an additional 838 shares in the last quarter. Finally, Financial & Tax Architects LLC boosted its stake in shares of TFI International by 31.4% during the 3rd 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 in the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

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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