Royal Bank Of Canada Issues Pessimistic Forecast for TFI International (NYSE:TFII) Stock Price

TFI International (NYSE:TFII) had its price target dropped by research analysts at Royal Bank Of Canada from $144.00 to $117.00 in a report issued on Monday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s target price indicates a potential upside of 21.83% from the company’s previous close.

Other analysts have also recently issued reports about the company. TD upped their price objective on TFI International from $153.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Scotia raised their target price on shares of TFI International from $260.00 to $263.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. reduced their price target on shares of TFI International from $175.00 to $168.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Wall Street Zen downgraded shares of TFI International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 10th. Finally, Stephens upped their price target on shares of TFI International from $195.00 to $205.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $164.88.

TFI International Price Performance

Shares of TFII stock traded up $2.72 during trading hours on Monday, hitting $96.04. The stock had a trading volume of 250,928 shares, compared to its average volume of 369,745. TFI International has a one year low of $80.63 and a one year high of $167.69. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.10. The stock’s 50-day moving average price is $122.28 and its two-hundred day moving average price is $129.26. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 0.59 and a beta of 1.68.

TFI International (NYSE:TFII) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.08). The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.23 billion. TFI International had a net margin of 4.26% and a return on equity of 16.05%. Equities analysts forecast that TFI International will post 5.95 EPS for the current year.

Institutional Investors Weigh In On TFI International

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

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.