Scotiabank Forecasts Strong Price Appreciation for TFI International (TSE:TFII) Stock

Key Points

• Scotiabank raised its price target on TFI International to C$170.00 (from C$165.00) but kept a "sector perform" rating, a target that implies roughly a 0.28% downside from the stock's current price.
• Other analysts have also lifted targets—Desjardins to C$183.00 (buy) and National Bank to C$170.00 (outperform)—and MarketBeat shows a consensus of Moderate Buy with an average price target of C$156.00.
• Shares traded up to C$170.47 with a market cap of C$14.01B and a P/E of 45.8; TFI reported C$1.50 EPS and C$2.51B revenue for the quarter, and analysts forecast about C$12.23 EPS for the fiscal year.

TFI International (TSE:TFII - Get Free Report) had its price objective lifted by research analysts at Scotiabank from C$165.00 to C$170.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Scotiabank's price target would indicate a potential downside of 0.28% from the stock's current price.

TFII has been the topic of several other reports. Desjardins increased their target price on shares of TFI International from C$173.00 to C$183.00 and gave the stock a "buy" rating in a research report on Thursday, February 19th. Stifel Nicolaus increased their target price on shares of TFI International from C$100.00 to C$113.00 in a research report on Wednesday, January 21st. National Bank Financial increased their target price on shares of TFI International from C$145.00 to C$170.00 and gave the stock an "outperform" rating in a research report on Friday, January 9th. Finally, Citigroup increased their target price on shares of TFI International from C$143.00 to C$144.00 and gave the stock a "buy" rating in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$156.00.

TFI International Stock Up 2.2%

TFI International stock traded up C$3.61 during mid-day trading on Thursday, hitting C$170.47. 174,925 shares of the company's stock were exchanged, compared to its average volume of 220,847. The company has a current ratio of 1.03, a quick ratio of 1.18 and a debt-to-equity ratio of 138.05. The stock has a market cap of C$14.01 billion, a P/E ratio of 45.83, a P/E/G ratio of 1.01 and a beta of 1.36. TFI International has a 1-year low of C$103.29 and a 1-year high of C$172.53. The stock has a 50 day moving average of C$154.69 and a two-hundred day moving average of C$141.32.

TFI International (TSE:TFII - Get Free Report) last posted its earnings results on Tuesday, February 17th. The company reported C$1.50 EPS for the quarter. The firm had revenue of C$2.51 billion for the quarter. TFI International had a net margin of 3.92% and a return on equity of 11.65%. As a group, analysts anticipate that TFI International will post 12.2345048 EPS for the current fiscal year.

TFI International Company Profile

TFI International Inc is a transportation and logistics company domiciled in Canada. The company organises itself into four segments: package and courier, less-than-truckload, truckload, and logistics. The package and courier segment picks up, transports, and delivers items across North America. The less-than-truckload segment transports smaller loads. The truckload segment transports goods by flatbed trucks, containers, or a more specialised service. The company provides general logistics services through the logistics segment.

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