TD Cowen Forecasts Strong Price Appreciation for TFI International (NYSE:TFII) Stock

TFI International (NYSE:TFII) had its target price upped by research analysts at TD Cowen from $99.00 to $112.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price objective suggests a potential upside of 0.88% from the stock’s previous close.

Several other research analysts also recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of TFI International from $104.00 to $106.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Zacks Research downgraded TFI International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Citigroup raised their price target on TFI International from $106.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday. Susquehanna lifted their price objective on TFI International from $105.00 to $123.00 and gave the stock a “positive” rating in a research note on Monday, January 5th. Finally, Royal Bank Of Canada increased their target price on TFI International from $102.00 to $125.00 and gave the company an “outperform” rating in a research report on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.53.

TFI International Trading Up 0.9%

TFII stock opened at $111.03 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.05. TFI International has a 1-year low of $72.02 and a 1-year high of $140.35. The business has a 50 day simple moving average of $96.34 and a two-hundred day simple moving average of $93.07. The company has a market capitalization of $9.12 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 5.05 and a beta of 1.49.

TFI International (NYSE:TFII) last released its earnings results on Thursday, October 30th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.19 by $0.01. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.49 billion. TFI International had a net margin of 4.06% and a return on equity of 14.20%. Research analysts anticipate that TFI International will post 7.76 EPS for the current fiscal year.

Institutional Trading of TFI International

Institutional investors have recently added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. grew its stake in shares of TFI International by 11.5% during the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 912,039 shares of the company’s stock valued at $80,718,000 after buying an additional 93,705 shares during the last quarter. Geode Capital Management LLC boosted its holdings in TFI International by 19.1% during the 2nd quarter. Geode Capital Management LLC now owns 632,426 shares of the company’s stock valued at $57,214,000 after acquiring an additional 101,218 shares during the period. QV Investors Inc. grew its position in TFI International by 25.1% in the 3rd quarter. QV Investors Inc. now owns 441,478 shares of the company’s stock valued at $38,862,000 after acquiring an additional 88,697 shares during the last quarter. Baskin Financial Services Inc. increased its stake in TFI International by 1.7% in the third quarter. Baskin Financial Services Inc. now owns 427,359 shares of the company’s stock worth $37,582,000 after purchasing an additional 7,207 shares during the period. Finally, Argent Capital Management LLC lifted its position in shares of TFI International by 303.4% during the second quarter. Argent Capital Management LLC now owns 142,864 shares of the company’s stock worth $12,811,000 after purchasing an additional 107,451 shares during the last quarter. 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.