TFI International (NYSE:TFII) Stock Price Target Lowered at Scotia

TFI International (NYSE:TFII) had its target price reduced by investment analysts at Scotia from $168.00 to $138.00 in a research note issued on Monday, BayStreet reports. The firm presently has a “sector outperform” rating on the stock. Scotia‘s target price indicates a potential upside of 41.91% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. TD increased their price objective on TFI International from $153.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Stifel Nicolaus dropped their target price on shares of TFI International from $132.00 to $107.00 and set a “hold” rating for the company in a report on Monday. Canadian Imperial Bank of Commerce dropped their price objective on shares of TFI International from $175.00 to $158.00 and set an “outperformer” rating for the company in a research note on Monday, October 5th. Desjardins set a $170.00 target price on TFI International and gave the company a “buy” rating in a research note on Monday. Finally, The Goldman Sachs Group dropped their price target on TFI International from $178.00 to $155.00 and set a “buy” rating for the company in a research report on Monday. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, TFI International currently has a consensus rating of “Moderate Buy” and an average price target of $147.32.

TFI International Stock Up 4.2%

TFI International stock traded up $3.93 during mid-day trading on Monday, hitting $97.25. The company had a trading volume of 464,686 shares, compared to its average volume of 370,738. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 0.59 and a beta of 1.68. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.79. TFI International has a 1 year low of $80.63 and a 1 year high of $167.69. The business has a fifty day moving average of $122.28 and a 200 day moving average of $129.26.

TFI International (NYSE:TFII) last posted its earnings results on Thursday, October 29th. The company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.08). TFI International had a net margin of 4.26% and a return on equity of 16.05%. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.23 billion. On average, sell-side analysts expect that TFI International will post 5.95 earnings per share for the current fiscal year.

Institutional Trading of TFI International

Institutional investors have recently added to or reduced their stakes in the business. Caisse de depot et placement du Quebec acquired a new stake in shares of TFI International in the second quarter valued at about $910,995,000. Jupiter Topco LLC acquired a new stake in shares of TFI International during the second quarter worth approximately $515,259,000. The Manufacturers Life Insurance Company bought a new stake in shares of TFI International in the second quarter worth $189,264,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in TFI International in the second quarter valued at $136,656,000. Finally, Canada Pension Plan Investment Board acquired a new stake in TFI International in the second quarter valued at $61,329,000. 73.30% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting TFI International

Here are the key news stories impacting TFI International this week:

• Positive Sentiment: Goldman Sachs retained a “buy” rating and set a $155 price target, implying substantial upside from current levels. Goldman Sachs TFI International analyst rating
• Positive Sentiment: Morgan Stanley maintained its “overweight” rating with a $175 target, indicating continued confidence in TFI International’s longer-term recovery potential. Morgan Stanley TFI International analyst rating
• Positive Sentiment: Stephens kept an “overweight” rating and established a $140 target, still representing meaningful potential appreciation. Stephens TFI International analyst rating
• Positive Sentiment: TD Cowen maintained a “buy” rating with a $119 target, while RBC retained an “outperform” rating and a $117 target. TD Cowen TFI International analyst rating RBC TFI International analyst rating
• Negative Sentiment: All five firms lowered their targets, including cuts of $15 to $35 per share. The reductions suggest weaker near-term earnings expectations despite the analysts’ continued bullish ratings and could limit investor enthusiasm.

About TFI International

TFI International Inc is a North American transportation and logistics company headquartered in Saint-Laurent, Quebec. The company provides a broad range of freight and supply chain services through a network of operating companies in Canada and the United States.

Its business activities include package and courier delivery, less-than-truckload and truckload transportation, freight brokerage, logistics, warehousing, and specialized services. TFI International also serves niche transportation markets, including waste management, environmental services, and other specialized freight requirements.

The company traces its origins to 1957 and has expanded through organic growth and acquisitions.