TFI International (NYSE:TFII) Given New $107.00 Price Target at TD Cowen

Key Points

• TFI International's price target has been reduced by TD Cowen from $115.00 to $107.00, suggesting an 18.28% potential upside from the stock's previous close while maintaining a "buy" rating.
• Multiple analysts have weighed in, with National Bankshares raising their target to $138.00 and BMO Capital Markets lowering theirs to $88.00, while the consensus average price target now stands at $115.94.
• TFI International's shares experienced a 3.3% decline, opening at $90.46, and the company reported a quarterly EPS of $1.34, exceeding expectations by $0.10.

TFI International (NYSE:TFII - Free Report) had its target price reduced by TD Cowen from $115.00 to $107.00 in a report released on Tuesday, Marketbeat reports. TD Cowen currently has a buy rating on the stock.

Several other analysts have also recently commented on TFII. BMO Capital Markets decreased their price target 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. Susquehanna Bancshares decreased their price target on shares of TFI International from $105.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Scotiabank cut shares of TFI International from a "sector outperform" rating to a "sector perform" rating in a report on Thursday, July 10th. Citigroup raised their price target on shares of TFI International from $107.00 to $108.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of TFI International from $98.00 to $101.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $117.13.

TFI International Price Performance

TFI International stock traded down $2.13 during trading hours on Tuesday, hitting $85.04. 412,860 shares of the company traded hands, compared to its average volume of 479,495. The firm's 50-day simple moving average is $89.41 and its two-hundred day simple moving average is $94.54. The firm has a market cap of $7.06 billion, a P/E ratio of 19.50, a P/E/G ratio of 3.05 and a beta of 1.48. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 0.88. TFI International has a 1-year low of $72.02 and a 1-year high of $155.12.

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 business 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, analysts forecast that TFI International will post 7.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TFI International

Several hedge funds have recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. lifted its holdings in TFI International by 4.2% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,012 shares of the company's stock valued at $698,000 after purchasing an additional 363 shares during the last quarter. Baskin Financial Services Inc. lifted its holdings in shares of TFI International by 1.2% during the first quarter. Baskin Financial Services Inc. now owns 413,366 shares of the company's stock worth $32,002,000 after buying an additional 5,092 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of TFI International by 31.5% during the fourth quarter. Geode Capital Management LLC now owns 469,263 shares of the company's stock worth $64,345,000 after buying an additional 112,455 shares in the last quarter. QV Investors Inc. increased its position in shares of TFI International by 60.6% in the first quarter. QV Investors Inc. now owns 350,096 shares of the company's stock worth $27,103,000 after purchasing an additional 132,166 shares during the period. Finally, Canoe Financial LP increased 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 worth $2,854,000 after purchasing an additional 23,131 shares during the period. 73.30% of the stock is owned by institutional investors.

TFI International Company Profile

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.