TFI International (NYSE:TFII) Stock Price Expected to Rise, Bank of America Analyst Says

TFI International (NYSE:TFII) had its target price increased by analysts at Bank of America from $90.00 to $93.00 in a report released on Friday,BayStreet.CA reports. The firm presently has an “underperform” rating on the stock. Bank of America‘s target price points to a potential downside of 14.94% from the stock’s current price.

Several other brokerages have also issued reports on TFII. Scotiabank reissued a “sector perform” rating on shares of TFI International in a research note on Wednesday. TD Cowen reiterated a “buy” rating on shares of TFI International in a research report on Friday, January 9th. UBS Group increased their target price on shares of TFI International from $90.00 to $102.00 and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Stephens set a $115.00 price target on shares of TFI International in a research note on Tuesday, January 6th. Finally, Zacks Research upgraded shares of TFI International from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $120.80.

TFI International Price Performance

TFII stock opened at $109.34 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.88. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 5.01 and a beta of 1.49. The company’s fifty day simple moving average is $101.16 and its 200 day simple moving average is $94.45. TFI International has a 12-month low of $72.02 and a 12-month high of $140.35.

TFI International (NYSE:TFII) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. TFI International had a return on equity of 14.20% and a net margin of 4.06%.The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.49 billion. On average, analysts expect that TFI International will post 7.76 earnings per share for the current year.

Hedge Funds Weigh In On TFI International

Large investors have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC lifted its position in shares of TFI International by 20,080.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 1,009 shares of the company’s stock valued at $89,000 after buying an additional 1,004 shares during the last quarter. SG Americas Securities LLC purchased a new stake in TFI International during the fourth quarter valued at about $112,000. Flow Traders U.S. LLC bought a new position in TFI International during the third quarter worth about $207,000. United Services Automobile Association purchased a new position in shares of TFI International in the first quarter worth about $217,000. Finally, FourThought Financial Partners LLC bought a new stake in shares of TFI International in the third quarter valued at approximately $245,000. Institutional investors own 73.30% of the company’s stock.

TFI International Company Profile

TFI International Inc (NYSE: TFII) is a leading North American transport and logistics company headquartered in Montreal, Quebec. The company operates through a network of subsidiaries that provide truckload, less-than-truckload (LTL), specialized freight, package and courier, and logistics services. By integrating these operations, TFI delivers comprehensive end-to-end solutions, including long-haul and regional transportation, expedited delivery, warehousing, and cross-border freight movement.

Originally founded in 1957 as a regional trucking outfit in Cabano, Quebec, TFI International has expanded significantly through a disciplined acquisition strategy.