TFI International (NYSE:TFII) Stock Price Target Lowered at Canadian Imperial Bank of Commerce

TFI International (NYSE:TFII) had its price target lowered by Canadian Imperial Bank of Commerce from $158.00 to $120.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce‘s price objective points to a potential upside of 24.35% from the stock’s current price.

A number of other brokerages have also recently commented on TFII. National Bank Financial cut their price target on shares of TFI International from $161.00 to $148.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 6th. JPMorgan Chase & Co. lowered their price objective on TFI International from $175.00 to $168.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. The Goldman Sachs Group dropped their price objective on TFI International from $178.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday. Bank of America upped their target price on TFI International from $178.00 to $187.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Finally, Stifel Nicolaus decreased their target price on TFI International from $132.00 to $107.00 and set a “hold” rating for the company in a research note on Monday. Sixteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $145.32.

TFI International Trading Up 3.4%

Shares of TFI International stock traded up $3.19 during midday trading on Monday, reaching $96.50. The company had a trading volume of 514,296 shares, compared to its average volume of 371,077. The stock has a fifty day moving average price of $122.28 and a 200 day moving average price of $129.26. TFI International has a fifty-two week low of $80.63 and a fifty-two week high of $167.69. The firm has a market cap of $7.93 billion, a PE ratio of 22.34, a P/E/G ratio of 0.59 and a beta of 1.63. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.10.

TFI International (NYSE:TFII) last released its earnings results on Thursday, October 29th. The company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.23 billion. On average, equities analysts anticipate that TFI International will post 5.95 earnings per share for the current year.

Hedge Funds Weigh In On TFI International

Institutional investors have recently made changes to their positions in the stock. Caisse de depot et placement du Quebec acquired a new stake in shares of TFI International in the 2nd quarter valued at about $910,995,000. Jupiter Topco LLC acquired a new position in TFI International during the 2nd quarter worth approximately $515,259,000. Maple Rock Capital Partners Inc. raised its stake in TFI International by 4.2% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,418,409 shares of the company’s stock worth $203,641,000 after buying an additional 56,578 shares during the period. The Manufacturers Life Insurance Company bought a new position in TFI International in the second quarter worth approximately $189,264,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in TFI International in the second quarter worth approximately $136,656,000. Institutional investors and hedge funds own 73.30% of the company’s stock.

TFI International News Summary

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.