Royal Bank Of Canada Increases TFI International (NYSE:TFII) Price Target to $106.00

Key Points

• Royal Bank of Canada has raised the price target for TFI International from $102.00 to $106.00, indicating a potential upside of 13.90% based on the stock's current price.
• TFI International reported earnings per share of $1.34 for the last quarter, exceeding analysts' expectations of $1.24, with revenue also surpassing projections at $2.04 billion.
• Analysts have varied views on TFI International, with two rating it as a Strong Buy, twelve as a Buy, seven as a Hold, and one as a Sell, reflecting a consensus target price of $120.18.

TFI International (NYSE:TFII - Get Free Report) had its target price lifted by research analysts at Royal Bank Of Canada from $102.00 to $106.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target indicates a potential upside of 13.90% from the stock's current price.

A number of other analysts have also issued reports on the stock. Stifel Nicolaus increased their price target on shares of TFI International from $88.00 to $91.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Scotiabank lowered shares of TFI International from a "sector outperform" rating to a "sector perform" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. reduced their price target on shares of TFI International from $116.00 to $104.00 and set an "overweight" rating for the company in a research report on Wednesday. Citigroup set a $108.00 price target on shares of TFI International and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, UBS Group increased their price target on shares of TFI International from $90.00 to $102.00 and gave the stock a "neutral" rating in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $120.18.

TFI International Price Performance

NYSE TFII traded up $2.28 on Wednesday, reaching $93.07. The company's stock had a trading volume of 237,262 shares, compared to its average volume of 429,347. TFI International has a twelve month low of $72.02 and a twelve month high of $155.12. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.03 and a current ratio of 1.05. The stock has a market cap of $7.67 billion, a PE ratio of 21.35, a PEG ratio of 3.22 and a beta of 1.45. The firm's 50 day moving average is $91.71 and its two-hundred day moving average is $87.78.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TFII. Dixon Mitchell Investment Counsel Inc. lifted its holdings in shares of TFI International by 44.4% during the second quarter. Dixon Mitchell Investment Counsel Inc. now owns 818,334 shares of the company's stock valued at $73,714,000 after acquiring an additional 251,444 shares during the period. Geode Capital Management LLC lifted its holdings in shares of TFI International by 19.1% during the second quarter. Geode Capital Management LLC now owns 632,426 shares of the company's stock valued at $57,214,000 after acquiring an additional 101,218 shares during the period. Baskin Financial Services Inc. lifted its holdings in shares of TFI International by 1.6% during the second quarter. Baskin Financial Services Inc. now owns 420,152 shares of the company's stock valued at $37,711,000 after acquiring an additional 6,786 shares during the period. QV Investors Inc. lifted its holdings in shares of TFI International by 0.8% during the second quarter. QV Investors Inc. now owns 352,781 shares of the company's stock valued at $31,604,000 after acquiring an additional 2,685 shares during the period. Finally, Argent Capital Management LLC lifted its holdings in shares of TFI International by 303.4% during the second quarter. Argent Capital Management LLC now owns 142,864 shares of the company's stock valued at $12,811,000 after acquiring an additional 107,451 shares during the period. 73.30% of the stock is owned by 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.

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