UBS Group Issues Positive Forecast for TFI International (NYSE:TFII) Stock Price

Key Points

• UBS Group has increased its price target for TFI International (NYSE:TFII) from $90.00 to $102.00, suggesting a potential upside of 12.82% from its previous close.
• Despite the positive outlook from UBS, several analysts have varying ratings, with the consensus being a "Moderate Buy" and a target price of $117.81.
• TFI International reported earnings that exceeded expectations, with a revenue of $2.04 billion for the quarter compared to the forecast of $1.49 billion, and an EPS of $1.34.

TFI International (NYSE:TFII - Get Free Report) had its price objective hoisted by stock analysts at UBS Group from $90.00 to $102.00 in a research note issued to investors on Friday, Marketbeat reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price objective would indicate a potential upside of 12.82% from the company's previous close.

A number of other equities research analysts have also commented on TFII. Bank of America raised their price target on TFI International from $90.00 to $92.00 and gave the stock an "underperform" 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. TD Cowen dropped their price target on TFI International from $115.00 to $107.00 and set a "buy" rating on the stock in a research report on Tuesday, July 29th. Citigroup set a $108.00 target price on TFI International and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, CIBC dropped their target price on TFI International from $110.00 to $109.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.81.

TFI International Price Performance

TFI International stock traded up $0.83 during mid-day trading on Friday, hitting $90.41. 5,259 shares of the company were exchanged, compared to its average volume of 431,732. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.88. The business has a fifty day moving average of $91.76 and a 200 day moving average of $87.56. TFI International has a 1-year low of $72.02 and a 1-year high of $155.12. The company has a market capitalization of $7.45 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 3.08 and a beta of 1.45.

TFI International (NYSE:TFII - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $1.34 EPS 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 analysts' expectations of $1.49 billion. TFI International had a return on equity of 15.45% and a net margin of 4.48%. As a group, sell-side analysts expect that TFI International will post 7.76 earnings per share for the current year.

Institutional Investors Weigh In On TFI International

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its holdings in TFI International by 104.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 125,737 shares of the company's stock worth $11,275,000 after buying an additional 64,108 shares during the period. Marshall Wace LLP purchased a new position in shares of TFI International in the second quarter valued at about $294,000. Kennedy Capital Management LLC boosted its stake in shares of TFI International by 23.1% during the 2nd quarter. Kennedy Capital Management LLC now owns 96,163 shares of the company's stock valued at $8,623,000 after purchasing an additional 18,049 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. boosted its stake in shares of TFI International by 44.4% during the 2nd quarter. Dixon Mitchell Investment Counsel Inc. now owns 818,334 shares of the company's stock valued at $73,714,000 after purchasing an additional 251,444 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of TFI International by 19.1% during the 2nd quarter. Geode Capital Management LLC now owns 632,426 shares of the company's stock valued at $57,214,000 after purchasing an additional 101,218 shares in the last quarter. Hedge funds and other institutional investors own 73.30% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.