Analysts Set TFI International Inc. (NYSE:TFII) Price Target at $117.13

Key Points

• TFI International Inc. has received a consensus recommendation of "Moderate Buy" from analysts, with one sell rating, six hold ratings, ten buy ratings, and two strong buy ratings.
• The average 12-month target price for TFI International stock among brokerages is $117.13, reflecting a range of recent target price adjustments by various analysts.
• TFI International reported earnings of $1.34 per share for the last quarter, exceeding expectations by $0.10 and generating revenue of $2.04 billion, well above the forecast of $1.49 billion.

TFI International Inc. (NYSE:TFII - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nineteen ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $117.1250.

Several brokerages have commented on TFII. Susquehanna raised their price objective on TFI International from $100.00 to $105.00 and gave the company a "positive" rating in a research report on Wednesday, June 18th. Bank of America raised their price objective on TFI International from $90.00 to $92.00 and gave the company an "underperform" rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. raised their price objective on TFI International from $101.00 to $116.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Cormark lowered TFI International from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, July 29th. Finally, National Bankshares raised their price target on TFI International from $132.00 to $138.00 and gave the company an "outperform" rating in a report on Friday, April 25th.

Institutional Investors Weigh In On TFI International

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in shares of TFI International by 31.5% during the 4th quarter. Geode Capital Management LLC now owns 469,263 shares of the company's stock valued at $64,345,000 after purchasing an additional 112,455 shares during the period. Baskin Financial Services Inc. grew its stake in shares of TFI International by 1.6% during the 2nd quarter. Baskin Financial Services Inc. now owns 420,152 shares of the company's stock valued at $37,711,000 after purchasing an additional 6,786 shares during the period. CDAM UK Ltd grew its stake in shares of TFI International by 2.5% during the 4th quarter. CDAM UK Ltd now owns 381,102 shares of the company's stock valued at $51,483,000 after purchasing an additional 9,200 shares during the period. QV Investors Inc. lifted its position in shares of TFI International by 0.8% during the 2nd quarter. QV Investors Inc. now owns 352,781 shares of the company's stock valued at $31,604,000 after buying an additional 2,685 shares in the last quarter. Finally, Argent Capital Management LLC lifted its position in shares of TFI International by 303.4% during the 2nd quarter. Argent Capital Management LLC now owns 142,864 shares of the company's stock valued at $12,811,000 after buying an additional 107,451 shares in the last quarter. 73.30% of the stock is currently owned by institutional investors.

TFI International Trading Up 1.6%

TFII stock traded up $1.38 on Friday, reaching $86.53. The company's stock had a trading volume of 22,859 shares, compared to its average volume of 476,958. The business has a fifty day simple moving average of $89.38 and a two-hundred day simple moving average of $93.61. TFI International has a 12-month low of $72.02 and a 12-month high of $155.12. The firm has a market cap of $7.18 billion, a PE ratio of 19.84, a PEG ratio of 2.95 and a beta of 1.43. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.03 and a current ratio of 1.05.

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

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.