Desjardins Lowers TFI International (NYSE:TFII) Price Target to $204.00

TFI International (NYSE:TFII) had its price target lowered by stock analysts at Desjardins from $209.00 to $204.00 in a report issued on Wednesday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ price objective indicates a potential upside of 51.18% from the stock’s current price. Desjardins also issued estimates for TFI International’s Q4 2024 earnings at $1.64 EPS, FY2024 earnings at $6.19 EPS and FY2026 earnings at $9.21 EPS.

TFII has been the subject of several other reports. TD Cowen upped their target price on TFI International from $176.00 to $184.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Bank of America reduced their price objective on TFI International from $152.00 to $143.00 and set a “neutral” rating on the stock in a research note on Tuesday. Citigroup assumed coverage on TFI International in a research report on Wednesday, October 9th. They issued a “buy” rating and a $159.00 target price on the stock. Cormark raised shares of TFI International from a “hold” rating to a “moderate buy” rating in a report on Monday, July 15th. Finally, The Goldman Sachs Group decreased their price target on shares of TFI International from $189.00 to $184.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, TFI International currently has an average rating of “Moderate Buy” and an average target price of $167.94.

TFI International Trading Up 2.5 %

TFII opened at $134.94 on Wednesday. The stock has a market capitalization of $11.42 billion, a price-to-earnings ratio of 24.53, a P/E/G ratio of 1.50 and a beta of 1.55. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 0.84. TFI International has a twelve month low of $104.91 and a twelve month high of $162.13. The company has a 50-day simple moving average of $142.35 and a 200 day simple moving average of $142.88.

TFI International (NYSE:TFII) last issued its earnings results on Monday, October 21st. The company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.19). The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.28 billion. TFI International had a net margin of 5.67% and a return on equity of 20.25%. During the same quarter in the previous year, the firm posted $1.57 earnings per share. Analysts predict that TFI International will post 6.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. iA Global Asset Management Inc. acquired a new stake in shares of TFI International in the second quarter valued at about $240,000. Industrial Alliance Investment Management Inc. boosted its holdings in TFI International by 3.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 2,590 shares of the company’s stock valued at $413,000 after acquiring an additional 80 shares during the last quarter. Hillsdale Investment Management Inc. boosted its holdings in TFI International by 1,200.0% in the first quarter. Hillsdale Investment Management Inc. now owns 4,550 shares of the company’s stock valued at $726,000 after acquiring an additional 4,200 shares during the last quarter. Summit Global Investments increased its position in TFI International by 83.7% during the 2nd quarter. Summit Global Investments now owns 6,610 shares of the company’s stock valued at $959,000 after purchasing an additional 3,012 shares during the period. Finally, Van ECK Associates Corp raised its holdings in TFI International by 6.9% during the 1st quarter. Van ECK Associates Corp now owns 11,502 shares of the company’s stock worth $1,835,000 after purchasing an additional 743 shares during the last quarter. 73.30% of the stock is owned by institutional investors and hedge funds.

TFI International Company Profile

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