CIBC Reiterates “$118.00” Price Target for TFI International (NYSE:TFII)

TFI International (NYSE:TFII) received a $118.00 price target from CIBC in a note issued to investors on Tuesday, Marketbeat.com reports. The firm presently has an “outperformer” rating on the stock. CIBC’s price target would suggest a potential upside of 35.87% from the stock’s previous close.

Several other brokerages have also weighed in on TFII. Bank of America increased their target price on TFI International from $73.00 to $90.00 and gave the stock an “underperform” rating in a research report on Friday, May 16th. Royal Bank of Canada dropped their price objective on shares of TFI International from $98.00 to $94.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. The Goldman Sachs Group reduced their target price on shares of TFI International from $176.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Veritas upgraded shares of TFI International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 18th. Finally, Citigroup lifted their price target on TFI International from $95.00 to $107.00 and gave the company a “buy” rating in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $121.19.

TFI International Price Performance

TFII opened at $86.85 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.03 and a debt-to-equity ratio of 0.86. The company’s 50-day moving average price is $81.81 and its 200 day moving average price is $113.43. TFI International has a fifty-two week low of $72.02 and a fifty-two week high of $158.93. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 1.11 and a beta of 1.51.

TFI International (NYSE:TFII) last posted its earnings results on Wednesday, April 23rd. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.19). The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.46 billion. TFI International had a net margin of 5.08% and a return on equity of 18.40%. As a group, sell-side analysts expect that TFI International will post 7.76 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Baillie Gifford & Co. acquired a new stake in TFI International in the 4th quarter valued at about $148,623,000. Geode Capital Management LLC raised its holdings in shares of TFI International by 31.5% in the 4th quarter. Geode Capital Management LLC now owns 469,263 shares of the company’s stock worth $64,345,000 after purchasing an additional 112,455 shares in the last quarter. Baskin Financial Services Inc. lifted its stake in TFI International by 1.2% during the first quarter. Baskin Financial Services Inc. now owns 413,366 shares of the company’s stock valued at $32,002,000 after purchasing an additional 5,092 shares during the last quarter. CDAM UK Ltd boosted its holdings in TFI International by 2.5% during the fourth quarter. CDAM UK Ltd now owns 381,102 shares of the company’s stock worth $51,483,000 after buying an additional 9,200 shares in the last quarter. Finally, QV Investors Inc. boosted its holdings in TFI International by 60.6% during the first quarter. QV Investors Inc. now owns 350,096 shares of the company’s stock worth $27,103,000 after buying an additional 132,166 shares in the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

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.