Bank of America Forecasts Strong Price Appreciation for TFI International (NYSE:TFII) Stock

Key Points

• Bank of America has raised its target price for TFI International's stock from $90.00 to $92.00, indicating a potential downside of 1.54%, while maintaining an "underperform" rating.
• Other research firms have varied opinions, with UBS setting a target of $90.00 (neutral), Citigroup increasing it to $108.00 (buy), and Royal Bank of Canada lowering it to $94.00 (outperform).
• As of now, TFI International stock has a consensus rating of "Moderate Buy" and a consensus price target of $117.13, with a market cap of $7.76 billion and a recent trading price of $93.44.

TFI International (NYSE:TFII - Free Report) had its price target upped by Bank of America from $90.00 to $92.00 in a research report report published on Tuesday,BayStreet.CA reports. Bank of America currently has an underperform rating on the stock.

Several other analysts have also recently issued reports on the company. National Bank Financial upgraded TFI International from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. Susquehanna upped their price target on TFI International from $100.00 to $105.00 and gave the stock a "positive" rating in a research note on Wednesday, June 18th. UBS Group lifted their price objective on shares of TFI International from $88.00 to $90.00 and gave the company a "neutral" rating in a research report on Tuesday. BMO Capital Markets lowered their target price on shares of TFI International from $89.00 to $88.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Finally, Scotiabank cut shares of TFI International from a "sector outperform" rating to a "sector perform" rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, TFI International has an average rating of "Moderate Buy" and a consensus price target of $117.13.

TFI International Price Performance

Shares of NYSE TFII traded down $2.13 during midday trading on Tuesday, reaching $85.04. The stock had a trading volume of 443,744 shares, compared to its average volume of 435,968. The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 3.02 and a beta of 1.43. TFI International has a 12-month low of $72.02 and a 12-month high of $155.12. The stock has a 50-day moving average of $89.38 and a 200-day moving average of $94.19. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.02 and a current ratio of 1.05.

TFI International (NYSE:TFII - Get Free Report) last issued its earnings results on Monday, July 28th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.10. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.49 billion. TFI International had a net margin of 4.48% and a return on equity of 15.45%. As a group, research analysts anticipate that TFI International will post 7.76 EPS for the current fiscal year.

Institutional Trading of TFI International

Hedge funds have recently made changes to their positions in the business. Brown Brothers Harriman & Co. grew its position in TFI International by 124.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company's stock worth $32,000 after acquiring an additional 131 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of TFI International by 40.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company's stock valued at $74,000 after purchasing an additional 160 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of TFI International by 4.2% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company's stock worth $698,000 after purchasing an additional 363 shares during the period. QV Investors Inc. increased its position in shares of TFI International by 0.8% during the 2nd quarter. QV Investors Inc. now owns 352,781 shares of the company's stock valued at $31,604,000 after purchasing an additional 2,685 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its holdings in TFI International by 7.8% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company's stock valued at $5,046,000 after buying an additional 2,696 shares during the period. 73.30% of the stock is currently owned by hedge funds and other institutional investors.

About TFI International

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States and Canada. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items in North America.