Scotiabank Reduces Earnings Estimates for TFI International

Key Points

• Scotiabank cut its FY2026 EPS estimate for TFI International to $5.56 from $5.95, while maintaining an Outperform rating; the new forecast is slightly below the $5.62 consensus.
• TFI reported quarterly EPS of $1.67, missing analysts’ $1.75 estimate, while revenue of $2.23 billion was in line with expectations.
• Several brokerages lowered TFI’s price targets, although analyst sentiment remains broadly positive: MarketBeat reports a Moderate Buy consensus rating and an average price target of $145.32.

TFI International Inc. (NYSE:TFII - Free Report) - Stock analysts at Scotiabank dropped their FY2026 EPS estimates for TFI International in a note issued to investors on Monday, November 2nd. Scotiabank analyst K. Gupta now forecasts that the company will post earnings per share of $5.56 for the year, down from their previous estimate of $5.95. Scotiabank has an "Outperform" rating on the stock. The consensus estimate for TFI International's current full-year earnings is $5.62 per share.

Several other brokerages have also weighed in on TFII. JPMorgan Chase & Co. cut their price target on TFI International from $175.00 to $168.00 and set an "overweight" rating for the company in a research note on Monday, October 5th. Zacks Research downgraded TFI International from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 28th. Scotia dropped their price objective on TFI International from $168.00 to $138.00 and set a "sector outperform" rating on the stock in a report on Monday. TD Cowen dropped their price objective on TFI International from $158.00 to $119.00 and set a "buy" rating on the stock in a report on Monday. Finally, Canadian Imperial Bank of Commerce cut their price objective on TFI International from $158.00 to $120.00 and set an "outperformer" rating for the company in a research report on Monday. Sixteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $145.32.

TFI International Trading Up 4.1%

TFII stock opened at $100.19 on Thursday. TFI International has a 52-week low of $80.63 and a 52-week high of $167.69. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.79. The firm has a market cap of $8.20 billion, a P/E ratio of 23.14, a PEG ratio of 0.76 and a beta of 1.67. The company's 50-day simple moving average is $119.90 and its 200-day simple moving average is $129.04.

TFI International (NYSE:TFII - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates 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 return on equity of 16.05% and a net margin of 4.26%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TFII. Nykredit A S acquired a new stake in shares of TFI International in the second quarter worth approximately $3,031,000. Caisse de depot et placement du Quebec purchased a new stake in shares of TFI International during the second quarter worth approximately $910,995,000. TD Waterhouse Canada Inc. raised its stake in TFI International by 10.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 250,009 shares of the company's stock valued at $34,207,000 after purchasing an additional 23,597 shares during the last quarter. Hill City Capital LP purchased a new position in TFI International in the 2nd quarter valued at $20,817,650. Finally, BlackRock Inc. purchased a new position in TFI International in the 2nd quarter valued at $14,341,000. Institutional investors and hedge funds own 73.30% of the company's stock.

TFI International News Roundup

Here are the key news stories impacting TFI International this week:

• Positive Sentiment: Directors buying shares can indicate confidence in the company’s outlook and may provide a supportive signal to investors. Directors buying at TFI International (TFII)
• Neutral Sentiment: Veritas began coverage with a Hold rating, indicating a wait-and-see stance rather than a clear endorsement or bearish call. Veritas stock recommendations
• Negative Sentiment: Multiple firms—including TD Cowen, Stephens, Citigroup, RBC Dominion Securities, and Canadian Imperial Bank of Commerce—cut their expectations or price targets for TFI International. The cluster of downward revisions may weigh on sentiment, although the headlines do not specify the new targets or analysts’ reasoning. TD Cowen lowers expectations Stephens lowers expectations Citigroup lowers expectations RBC Dominion Securities lowers expectations CIBC cuts price target Royal Bank of Canada lowers expectations
• Negative Sentiment: A Seeking Alpha analysis characterizes TFI as having “two good businesses” and “a broken one,” raising concerns about uneven performance across its operations. The headline alone does not provide details of the analysis. TFI International: Two Good Businesses...And A Broken One

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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