TFI International Inc. (NYSE:TFII) Stock Has Average Target Price of $167.94

TFI International Inc. (NYSE:TFII) has been given a consensus recommendation of “Moderate Buy” by the nineteen brokerages that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $167.94.

TFII has been the subject of several analyst reports. Royal Bank Of Canada lowered their price objective on TFI International from $171.00 to $144.00 and set an “outperform” rating for the company in a research report on Wednesday, September 30th. BMO Capital Markets reissued a “market perform” rating on shares of TFI International in a research report on Wednesday, October 7th. UBS Group boosted their target price 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 reaffirmed a “hold (c)” rating on shares of TFI International in a report on Monday, September 21st. Finally, Citigroup reiterated a “cautious” rating on shares of TFI International in a research note on Wednesday, October 7th.

TFI International Trading Up 0.2%

Shares of NYSE:TFII opened at $112.31 on Friday. TFI International has a 52 week low of $80.63 and a 52 week high of $167.69. The company’s 50 day moving average is $123.21 and its two-hundred day moving average is $129.36. The company has a market cap of $9.23 billion, a PE ratio of 27.59, a P/E/G ratio of 0.70 and a beta of 1.63. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83.

TFI International (NYSE:TFII) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.08). The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.23 billion. TFI International had a return on equity of 14.87% and a net margin of 4.14%. Equities analysts predict that TFI International will post 6.00 earnings per share for the current fiscal year.

Key TFI International News

Here are the key news stories impacting TFI International this week:

• Positive Sentiment: Quarterly profit rose to US$105.7 million from US$84.7 million a year earlier, while adjusted earnings increased to $1.67 per share from $1.20. The improvement indicates meaningful year-over-year earnings growth despite a challenging transportation market. TFI International reports third-quarter profit growth
• Neutral Sentiment: Management announced its third-quarter results for the period ended September 30. Investors are expected to focus on operating trends, freight demand, margins and the company’s outlook during the results webcast scheduled for October 30 at 9:30 a.m. Eastern time. TFI International announces third-quarter results
• Neutral Sentiment: The company rescheduled the quarterly results webcast from 8:30 a.m. to 9:30 a.m. Eastern time but maintained its plan to release results after the market close on October 29. The timing change itself does not alter the company’s financial performance. TFI International adjusts webcast timing
• Negative Sentiment: TFI International’s quarterly earnings of $1.67 per share fell short of the $1.75 analyst consensus estimate by $0.08. The miss may weigh on the stock because investors had already priced in stronger results. TFI International third-quarter earnings miss estimates
• Negative Sentiment: Scotiabank analysts lowered their earnings estimates for TFII, signaling potentially softer expectations for future results and adding pressure after the quarterly earnings miss. Scotiabank cuts TFII earnings estimates

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Vise Technologies Inc. lifted its position in TFI International by 15.0% in the third quarter. Vise Technologies Inc. now owns 3,684 shares of the company’s stock valued at $442,000 after acquiring an additional 481 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new stake in shares of TFI International during the third quarter worth about $36,000. Guardian Partners Inc. increased its position in shares of TFI International by 1.1% during the third quarter. Guardian Partners Inc. now owns 37,960 shares of the company’s stock worth $4,563,000 after purchasing an additional 412 shares in the last quarter. Value Partners Investments Inc. increased its position in shares of TFI International by 4.7% during the third quarter. Value Partners Investments Inc. now owns 18,857 shares of the company’s stock worth $2,268,000 after purchasing an additional 838 shares in the last quarter. Finally, Financial & Tax Architects LLC increased its position in shares of TFI International by 31.4% during the third quarter. Financial & Tax Architects LLC now owns 4,677 shares of the company’s stock worth $561,000 after purchasing an additional 1,117 shares in the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

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.