Royal Bank Of Canada Forecasts Strong Price Appreciation for TFI International (NYSE:TFII) Stock

TFI International (NYSE:TFII) had its price objective upped by investment analysts at Royal Bank Of Canada from $102.00 to $125.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 18.44% from the stock’s current price.

TFII has been the topic of a number of other reports. Morgan Stanley reaffirmed an “overweight” rating and set a $160.00 price objective on shares of TFI International in a research note on Monday, December 8th. CIBC raised their price target on TFI International from $109.00 to $112.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Stifel Nicolaus boosted their price objective on TFI International from $93.00 to $100.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of TFI International in a research note on Monday, December 8th. Finally, UBS Group lifted 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. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $113.40.

TFI International Trading Down 0.5%

TFII stock opened at $105.54 on Monday. The company has a market capitalization of $8.67 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 6.09 and a beta of 1.50. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.05 and a current ratio of 1.06. TFI International has a one year low of $72.02 and a one year high of $141.46. The company’s 50 day moving average price is $92.30 and its two-hundred day moving average price is $91.50.

TFI International (NYSE:TFII) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. The company had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.49 billion. TFI International had a net margin of 4.06% and a return on equity of 14.20%. As a group, analysts predict that TFI International will post 7.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TFII. Cornerstone Planning Group LLC boosted its stake 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 purchasing an additional 1,004 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in TFI International in the third quarter worth about $207,000. United Services Automobile Association purchased a new stake in TFI International in the first quarter worth about $217,000. FourThought Financial Partners LLC bought a new stake in TFI International during the 3rd quarter valued at approximately $245,000. Finally, Marshall Wace LLP purchased a new position in shares of TFI International during the 2nd quarter worth approximately $294,000. 73.30% of the stock is owned by hedge funds and other institutional investors.

About TFI International

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.