Citigroup Forecasts Strong Price Appreciation for TFI International (NYSE:TFII) Stock

TFI International (NYSE:TFII) had its price target upped by analysts at Citigroup from $158.00 to $170.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 14.87% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Royal Bank of Canada decreased their target price on shares of TFI International from $167.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. National Bankshares reduced their price objective on TFI International from $209.00 to $198.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 23rd. The Goldman Sachs Group dropped their target price on TFI International from $189.00 to $184.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. National Bank Financial cut shares of TFI International from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, TD Securities reduced their target price on TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.56.

TFI International Stock Performance

Shares of NYSE:TFII opened at $147.99 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96. TFI International has a 1 year low of $111.56 and a 1 year high of $162.13. The firm has a market capitalization of $12.53 billion, a PE ratio of 27.09, a P/E/G ratio of 2.00 and a beta of 1.55. The business’s 50 day moving average price is $139.82 and its 200-day moving average price is $141.79.

TFI International (NYSE:TFII) last announced its earnings results on Monday, October 21st. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.19). The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.28 billion. TFI International had a return on equity of 20.25% and a net margin of 5.67%. During the same period last year, the firm earned $1.57 EPS. As a group, equities research analysts expect that TFI International will post 6.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP grew its holdings in TFI International by 295.1% during the third quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock worth $2,941,000 after acquiring an additional 16,047 shares during the period. Plato Investment Management Ltd purchased a new position in shares of TFI International in the third quarter worth approximately $134,000. Entropy Technologies LP acquired a new stake in shares of TFI International during the third quarter valued at approximately $643,000. Dixon Mitchell Investment Counsel Inc. lifted its position in shares of TFI International by 0.4% in the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 539,815 shares of the company’s stock valued at $74,242,000 after acquiring an additional 1,980 shares in the last quarter. Finally, QV Investors Inc. acquired a new position in TFI International in the 3rd quarter worth approximately $29,891,000. 73.30% of the stock is currently owned by institutional investors.

About TFI International

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States and Canada. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items in North America.