TFI International (NYSE:TFII) Given a $108.00 Price Target by Citigroup Analysts

Key Points

• TFI International received a new target price of $108.00 from Citigroup analysts, suggesting a potential upside of 22.00% from the current stock price.
• The stock has an average rating of "Moderate Buy" with a consensus target price of $117.13, indicating generally positive sentiment among analysts.
• In its latest earnings report, TFI International surpassed analyst expectations with an earnings per share (EPS) of $1.34 and revenue of $2.04 billion, exceeding estimates significantly.

TFI International (NYSE:TFII - Get Free Report) has been given a $108.00 target price by investment analysts at Citigroup in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Citigroup's price target would indicate a potential upside of 25.36% from the company's previous close.

A number of other analysts have also weighed in on the stock. Royal Bank Of Canada cut their price objective on shares of TFI International from $98.00 to $94.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Cormark cut TFI International from a "moderate buy" rating to a "hold" rating in a report on Tuesday, July 29th. Susquehanna boosted their price objective on TFI International from $100.00 to $105.00 and gave the company a "positive" rating in a report on Wednesday, June 18th. BMO Capital Markets decreased their price objective on TFI International from $89.00 to $88.00 and set a "market perform" rating for the company in a report on Friday, April 25th. Finally, UBS Group increased their price target on shares of TFI International from $88.00 to $90.00 and gave the stock a "neutral" rating in a report on Tuesday, July 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $117.13.

TFI International Stock Performance

NYSE:TFII traded down $0.42 during trading hours on Tuesday, hitting $86.15. 223,692 shares of the company were exchanged, compared to its average volume of 446,405. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 2.99 and a beta of 1.43. TFI International has a 52-week low of $72.02 and a 52-week high of $155.12. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.05 and a quick ratio of 1.03. The company's 50 day moving average price is $89.51 and its 200-day moving average price is $92.26.

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

Hedge Funds Weigh In On TFI International

Large investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC raised its position in TFI International by 40.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company's stock worth $74,000 after acquiring an additional 160 shares during the period. United Services Automobile Association acquired a new stake in shares of TFI International in the first quarter valued at about $217,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of TFI International by 4.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company's stock valued at $698,000 after buying an additional 363 shares during the last quarter. Entropy Technologies LP raised its position in shares of TFI International by 46.9% in the first quarter. Entropy Technologies LP now owns 13,656 shares of the company's stock valued at $1,058,000 after buying an additional 4,361 shares during the last quarter. Finally, Canoe Financial LP raised its position in shares of TFI International by 168.5% in the first quarter. Canoe Financial LP now owns 36,857 shares of the company's stock valued at $2,854,000 after buying an additional 23,131 shares during the last quarter. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.