Desjardins Reiterates $170.00 Price Target for TFI International (NYSE:TFII)

TFI International (NYSE:TFII) received a $170.00 price target from research analysts at Desjardins in a note issued to investors on Monday, BayStreet reports. The firm currently has a “buy” rating on the stock. Desjardins‘s price target suggests a potential upside of 74.81% from the stock’s previous close.

TFII has been the topic of several other research reports. The Goldman Sachs Group dropped their price target on shares of TFI International from $178.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday. National Bank Financial lowered their price objective on shares of TFI International from $161.00 to $148.00 and set an “outperform” rating for the company in a research report on Tuesday, October 6th. Canadian Imperial Bank of Commerce decreased their target price on TFI International from $175.00 to $158.00 and set an “outperformer” rating for the company in a research note on Monday, October 5th. Zacks Research lowered TFI International from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Finally, Bank of America increased their price target on TFI International from $178.00 to $187.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $147.32.

TFI International Trading Up 4.2%

TFII traded up $3.93 during trading on Monday, hitting $97.25. 464,686 shares of the company’s stock were exchanged, compared to its average volume of 370,738. TFI International has a 1 year low of $80.63 and a 1 year high of $167.69. The stock has a 50 day moving average price of $122.28 and a 200 day moving average price of $129.26. The firm has a market cap of $7.99 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 0.59 and a beta of 1.68. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.79.

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 business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.23 billion. As a group, analysts expect that TFI International will post 5.95 EPS for the current fiscal year.

Hedge Funds Weigh In On TFI International

A number of hedge funds have recently modified their holdings of the stock. Caisse de depot et placement du Quebec purchased a new stake in TFI International in the 2nd quarter worth approximately $910,995,000. Jupiter Topco LLC purchased a new stake in shares of TFI International during the 2nd quarter worth about $515,259,000. The Manufacturers Life Insurance Company acquired a new stake in shares of TFI International during the 2nd quarter valued at about $189,264,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in TFI International in the second quarter worth approximately $136,656,000. Finally, Canada Pension Plan Investment Board bought a new stake in TFI International in the second quarter worth approximately $61,329,000. 73.30% of the stock is currently owned by institutional investors and hedge funds.

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.

TFI International Company Profile

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.