CIBC Increases TFI International (NYSE:TFII) Price Target to $62.00

TFI International (NYSE:TFII) had its price target lifted by equities research analysts at CIBC from $61.00 to $62.00 in a note issued to investors on Wednesday, Stock Target Advisor reports. The firm presently has a “neutral” rating on the stock. CIBC’s price objective would suggest a potential upside of 46.12% from the company’s previous close.

A number of other analysts have also commented on the stock. Stifel Nicolaus lifted their price target on shares of TFI International from $64.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Morgan Stanley increased their price target on TFI International from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Monday, July 6th. BMO Capital Markets upped their price objective on TFI International from $54.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Bank of America raised their target price on TFI International from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Royal Bank of Canada upped their price target on shares of TFI International from $62.00 to $68.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $53.89.

TFII stock traded up $0.16 during midday trading on Wednesday, hitting $42.43. The company’s stock had a trading volume of 284,006 shares, compared to its average volume of 158,736. The business has a 50-day simple moving average of $44.00. The company has a current ratio of 0.75, a quick ratio of 0.73 and a debt-to-equity ratio of 0.74. TFI International has a 12 month low of $15.24 and a 12 month high of $46.09.

TFI International (NYSE:TFII) last announced its quarterly earnings results on Monday, July 27th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.41. The business had revenue of $803.52 million for the quarter, compared to the consensus estimate of $816.00 million. On average, research analysts predict that TFI International will post 2.64 earnings per share for the current year.

About TFI International

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States, Canada, and Mexico. The company operates through Package and Courier, Less-Than-Truckload, Truckload, and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items.

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