JPMorgan Chase & Co. Forecasts Strong Price Appreciation for TFI International (NYSE:TFII) Stock

Key Points

• JPMorgan Chase & Co. has increased its price target for TFI International from $101.00 to $116.00, indicating a potential upside of 25.06% from current levels and maintaining an "overweight" rating on the stock.
• TFI International's recent earnings report exceeded expectations, with earnings per share of $1.34 compared to a consensus estimate of $1.24, and revenues of $2.04 billion against an estimate of $1.49 billion.
• Analysts currently peg TFI International with a consensus target price of $117.00, reflecting a mixed outlook with various ratings including ten buy, five hold, and one sell rating.

TFI International (NYSE:TFII - Get Free Report) had its target price raised by equities researchers at JPMorgan Chase & Co. from $101.00 to $116.00 in a report released on Tuesday, Marketbeat.com reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 36.41% from the stock's previous close.

Several other equities analysts have also weighed in on TFII. Bank of America increased their price target on shares of TFI International from $73.00 to $90.00 and gave the company an "underperform" rating in a research report on Friday, May 16th. BMO Capital Markets decreased their price objective on shares of TFI International from $89.00 to $88.00 and set a "market perform" rating for the company in a report on Friday, April 25th. Royal Bank Of Canada decreased their price objective on shares of TFI International from $98.00 to $94.00 and set an "outperform" rating for the company in a report on Monday, April 28th. CIBC decreased their price objective on shares of TFI International from $118.00 to $110.00 and set an "outperformer" rating for the company in a report on Tuesday, July 8th. Finally, National Bank Financial upgraded shares of TFI International from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $117.13.

TFI International Stock Down 2.4%

Shares of TFI International stock traded down $2.13 during trading on Tuesday, reaching $85.04. 443,744 shares of the company traded hands, compared to its average volume of 435,968. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.05 and a quick ratio of 1.02. TFI International has a 1-year low of $72.02 and a 1-year high of $155.12. The company has a 50 day moving average price of $89.38 and a 200-day moving average price of $94.19. The firm has a market capitalization of $7.06 billion, a PE ratio of 19.50, a P/E/G ratio of 3.02 and a beta of 1.43.

TFI International (NYSE:TFII - Get Free Report) last released its quarterly earnings data 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. TFI International had a net margin of 4.48% and a return on equity of 15.45%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.49 billion. As a group, equities research analysts expect that TFI International will post 7.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TFI International

Hedge funds have recently bought and sold shares of the company. Brown Brothers Harriman & Co. grew its stake in TFI International by 124.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company's stock valued at $32,000 after acquiring an additional 131 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in TFI International by 40.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company's stock valued at $74,000 after acquiring an additional 160 shares in the last quarter. United Services Automobile Association purchased a new position in TFI International during the first quarter valued at approximately $217,000. Sumitomo Mitsui Trust Group Inc. grew its stake in TFI International by 4.2% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company's stock valued at $698,000 after acquiring an additional 363 shares in the last quarter. Finally, Entropy Technologies LP grew its stake in TFI International by 46.9% during the first quarter. Entropy Technologies LP now owns 13,656 shares of the company's stock valued at $1,058,000 after acquiring an additional 4,361 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company's stock.

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.