TFI International (NYSE:TFII) Price Target Raised to $93.00

TFI International (NYSE:TFII) had its price objective increased by investment analysts at Bank of America from $90.00 to $93.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has an “underperform” rating on the stock. Bank of America‘s target price would suggest a potential downside of 15.44% from the stock’s previous close.

A number of other research analysts have also commented on TFII. Morgan Stanley reissued an “overweight” rating and set a $160.00 price target on shares of TFI International in a report on Monday, December 8th. Susquehanna raised their price objective on shares of TFI International from $105.00 to $123.00 and gave the company a “positive” rating in a research note on Monday, January 5th. Royal Bank Of Canada lifted their price target on TFI International from $102.00 to $125.00 and gave the company an “outperform” rating in a research report on Monday, December 22nd. Scotiabank reiterated a “sector perform” rating on shares of TFI International in a research report on Wednesday. Finally, TD Cowen restated a “buy” rating on shares of TFI International in a research report on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $120.80.

TFI International Stock Performance

Shares of NYSE:TFII traded down $1.87 during trading hours on Friday, hitting $109.98. The stock had a trading volume of 125,415 shares, compared to its average volume of 380,008. The stock’s fifty day simple moving average is $100.69 and its 200 day simple moving average is $94.31. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 5.09 and a beta of 1.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.05 and a current ratio of 1.06. TFI International has a 1-year low of $72.02 and a 1-year high of $140.35.

TFI International (NYSE:TFII) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.01. TFI International had a return on equity of 14.20% and a net margin of 4.06%.The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.49 billion. Sell-side analysts anticipate that TFI International will post 7.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Baillie Gifford & Co. grew its stake in TFI International by 1.0% during the 4th quarter. Baillie Gifford & Co. now owns 1,029,871 shares of the company’s stock valued at $106,590,000 after acquiring an additional 10,693 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of TFI International during the fourth quarter worth approximately $112,000. Flow Traders U.S. LLC purchased a new position in TFI International during the third quarter valued at approximately $207,000. Twin Tree Management LP lifted its position in TFI International by 6.5% in the 3rd quarter. Twin Tree Management LP now owns 16,527 shares of the company’s stock worth $1,455,000 after buying an additional 1,013 shares in the last quarter. Finally, FourThought Financial Partners LLC purchased a new position in shares of TFI International during the 3rd quarter valued at $245,000. 73.30% of the stock is owned by institutional investors and hedge funds.

About TFI International

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.