TFI International (NYSE:TFII) Stock Price Target Lowered at RBC Dominion Securities

TFI International (NYSE:TFII) had its price target lowered by investment analysts at RBC Dominion Securities from $144.00 to $117.00 in a research note issued to investors on Monday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. RBC Dominion Securities‘s price target would suggest a potential upside of 20.31% from the company’s previous close.

A number of other research firms have also recently commented on TFII. TD increased their price target on TFI International from $153.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. UBS Group boosted their price target on TFI International from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. Weiss Ratings restated a “hold (c)” rating on shares of TFI International in a report on Monday, September 21st. Citigroup decreased their price objective on shares of TFI International from $157.00 to $123.00 and set a “buy” rating for the company in a research report on Monday. Finally, The Goldman Sachs Group lowered their target price on shares of TFI International from $178.00 to $155.00 and set a “buy” rating for the company in a research note on Monday. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.32.

TFI International Price Performance

Shares of TFI International stock traded up $3.93 during trading on Monday, reaching $97.25. 464,686 shares of the stock traded hands, compared to its average volume of 370,738. The business has a fifty day simple moving average of $122.28 and a two-hundred day simple moving average of $129.26. TFI International has a 52-week low of $80.63 and a 52-week high of $167.69. The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 0.59 and a beta of 1.68. 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 issued its quarterly 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 return on equity of 16.05% and a net margin of 4.26%. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Sell-side analysts expect that TFI International will post 5.95 EPS for the current year.

Institutional Investors Weigh In On TFI International

Hedge funds have recently modified their holdings of the company. Versant Capital Management Inc raised its position in shares of TFI International by 47.3% during the 2nd quarter. Versant Capital Management Inc now owns 408 shares of the company’s stock worth $59,000 after purchasing an additional 131 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new position in TFI International during the 3rd quarter worth about $36,000. Allworth Financial LP acquired a new position in shares of TFI International in the second quarter valued at approximately $46,000. Ewing Morris & Co. Investment Partners Ltd. raised its position in TFI International by 8.6% in the 2nd quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 4,178 shares of the company’s stock valued at $601,000 after purchasing an additional 330 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of TFI International in the 2nd quarter valued at $56,000. 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.