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 - Get Free Report) had its target price hoisted by investment analysts at Bank of America from $90.00 to $92.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has an "underperform" rating on the stock. Bank of America's target price points to a potential downside of 1.54% from the company's current price.

A number of other research firms have also issued reports on TFII. UBS Group raised their price target on shares of TFI International from $88.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday. Citigroup raised their price target on shares of TFI International from $107.00 to $108.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada reduced their price target on shares of TFI International from $98.00 to $94.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Stifel Nicolaus lifted their target price on shares of TFI International from $88.00 to $91.00 and gave the company a "hold" rating in a report on Thursday, July 24th. Finally, Susquehanna lifted their price target on shares of TFI International from $100.00 to $105.00 and gave the company a "positive" rating in a research note on Wednesday, June 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.13.

TFI International Stock Performance

Shares of TFI International stock traded up $3.20 during midday trading on Tuesday, hitting $93.44. The company had a trading volume of 754,503 shares, compared to its average volume of 476,985. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 2.88 and a beta of 1.48. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.88. The company has a fifty day simple moving average of $89.33 and a 200 day simple moving average of $94.91. TFI International has a 12-month low of $72.02 and a 12-month high of $157.77.

TFI International (NYSE:TFII - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.24 by $0.10. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.49 billion. TFI International had a net margin of 4.59% and a return on equity of 16.78%. As a group, analysts predict that TFI International will post 7.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TFI International

Large investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. raised its stake in shares of TFI International by 124.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company's stock worth $32,000 after purchasing an additional 131 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of TFI International by 40.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company's stock worth $74,000 after purchasing an additional 160 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of TFI International during the first quarter worth approximately $217,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of TFI International by 4.2% during the first 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 last quarter. Finally, Entropy Technologies LP raised its stake in shares of TFI International by 46.9% during the first quarter. Entropy Technologies LP now owns 13,656 shares of the company's stock worth $1,058,000 after purchasing an additional 4,361 shares during the last quarter. Hedge funds and other institutional investors own 73.30% of the company's stock.

TFI International Company Profile

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.

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