TFI International (TFII) Given New C$36.00 Price Target at CIBC

TFI International (TSE:TFII) had its target price lifted by equities research analysts at CIBC from C$35.00 to C$36.00 in a research note issued to investors on Thursday. CIBC’s price objective would suggest a potential upside of 6.07% from the company’s current price.

Several other brokerages have also issued reports on TFII. Royal Bank of Canada raised shares of TFI International from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$29.00 to C$37.00 in a research note on Friday, October 13th. Desjardins increased their target price on shares of TFI International from C$32.00 to C$35.00 in a research note on Monday, October 30th. Scotiabank cut their target price on shares of TFI International from C$31.00 to C$30.00 and set a “sector perform” rating on the stock in a research note on Monday, October 30th. Finally, BMO Capital Markets increased their target price on shares of TFI International from C$31.00 to C$32.00 in a research note on Friday, December 1st.

TFI International (TSE:TFII) traded up C$1.05 during trading hours on Thursday, hitting C$33.94. 379,907 shares of the stock were exchanged, compared to its average volume of 256,392. TFI International has a 12 month low of C$26.44 and a 12 month high of C$35.83. The company has a market cap of $2,930.00, a price-to-earnings ratio of 38.13 and a beta of 0.80.

In other TFI International news, Director Alain Bédard sold 50,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of C$31.79, for a total transaction of C$1,589,500.00.

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TFI International Company Profile

TFI International Inc, through its subsidiaries, provides transportation and logistics services in the United States, Canada, and Mexico. The company’s Package and Courier segment engages in the pickup, transport, and delivery of items. Its Less-Than-Truckload segment is involved in the pickup, consolidation, transport, and delivery of smaller loads.

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