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

TFI International (NYSE:TFII) had its price objective increased by research analysts at CIBC from $166.00 to $176.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperformer” rating on the stock. CIBC’s price target suggests a potential upside of 15.22% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Stephens reaffirmed an “equal weight” rating and set a $149.00 price objective (down from $176.00) on shares of TFI International in a report on Tuesday, October 1st. 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 report on Wednesday, October 23rd. Bank of America reduced their target price on TFI International from $152.00 to $143.00 and set a “neutral” rating on the stock in a report on Tuesday, October 22nd. National Bankshares reduced their target price on TFI International from $209.00 to $198.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on TFI International from $181.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $169.19.

TFI International Trading Up 0.2 %

TFI International stock opened at $152.75 on Wednesday. TFI International has a 52 week low of $111.72 and a 52 week high of $162.13. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.96 and a current ratio of 0.98. The firm has a market capitalization of $12.93 billion, a PE ratio of 27.81, a PEG ratio of 1.94 and a beta of 1.56. The business’s 50-day simple moving average is $141.02 and its 200-day simple moving average is $143.21.

TFI International (NYSE:TFII) last issued its quarterly 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). TFI International had a net margin of 5.67% and a return on equity of 20.25%. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the firm earned $1.57 earnings per share. Equities research analysts forecast that TFI International will post 6.26 earnings per share for the current year.

Institutional Trading of TFI International

A number of large investors have recently made changes to their positions in TFII. Toronto Dominion Bank increased its holdings in TFI International by 37.9% during the 3rd quarter. Toronto Dominion Bank now owns 60,112 shares of the company’s stock worth $8,229,000 after purchasing an additional 16,510 shares in the last quarter. Geode Capital Management LLC increased its holdings in TFI International by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 356,808 shares of the company’s stock worth $49,288,000 after purchasing an additional 22,566 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in TFI International during the 3rd quarter worth about $2,373,000. iA Global Asset Management Inc. increased its holdings in TFI International by 1,894.5% during the 3rd quarter. iA Global Asset Management Inc. now owns 32,910 shares of the company’s stock worth $4,505,000 after purchasing an additional 31,260 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in TFI International by 295.1% during the 3rd quarter. Quantbot Technologies LP now owns 21,484 shares of the company’s stock worth $2,941,000 after purchasing an additional 16,047 shares in the last quarter. Institutional investors own 73.30% of the company’s stock.

TFI International Company Profile

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.