Scotiabank Lifts Earnings Estimates for TFI International

TFI International Inc. (NYSE:TFII) – Stock analysts at Scotiabank upped their FY2027 EPS estimates for shares of TFI International in a research note issued on Thursday, October 22nd. Scotiabank analyst K. Gupta now expects that the company will earn $7.49 per share for the year, up from their previous forecast of $7.48. Scotiabank has an “Outperform” rating on the stock. The consensus estimate for TFI International’s current full-year earnings is $6.01 per share.

TFI International (NYSE:TFII) last announced its earnings results on Monday, July 27th. The company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.26. TFI International had a net margin of 4.14% and a return on equity of 14.87%. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.23 billion.

TFII has been the topic of a number of other reports. Morgan Stanley increased their price objective on TFI International from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. TD Cowen lifted their price objective on TFI International from $154.00 to $158.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Stifel Nicolaus dropped their price objective on TFI International from $160.00 to $132.00 and set a “hold” rating for the company in a report on Thursday, October 8th. Royal Bank Of Canada dropped their price objective on TFI International from $171.00 to $144.00 and set an “outperform” rating for the company in a report on Wednesday, September 30th. Finally, TD upped their target price on shares of TFI International from $153.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $167.94.

TFI International Stock Performance

TFII stock opened at $111.73 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.09 and a quick ratio of 1.08. The company has a 50 day moving average price of $124.95 and a 200 day moving average price of $129.31. TFI International has a fifty-two week low of $80.63 and a fifty-two week high of $167.69. The stock has a market capitalization of $9.18 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 0.70 and a beta of 1.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Allworth Financial LP bought a new stake in TFI International in the second quarter valued at about $46,000. State of Wyoming bought a new position in TFI International during the second quarter worth about $56,000. Versant Capital Management Inc boosted its holdings in TFI International by 47.3% during the second quarter. Versant Capital Management Inc now owns 408 shares of the company’s stock worth $59,000 after buying an additional 131 shares during the last quarter. Tacita Capital Inc bought a new position in TFI International during the second quarter worth about $91,000. Finally, Oslo Pensjonsforsikring AS acquired a new position in shares of TFI International during the 1st quarter worth about $184,000. 73.30% of the stock is currently owned by institutional investors.

TFI International Company Profile

TFI International Inc is a North American transportation and logistics company headquartered in Saint-Laurent, Quebec. The company provides a broad range of freight and supply chain services through a network of operating companies in Canada and the United States.

Its business activities include package and courier delivery, less-than-truckload and truckload transportation, freight brokerage, logistics, warehousing, and specialized services. TFI International also serves niche transportation markets, including waste management, environmental services, and other specialized freight requirements.

The company traces its origins to 1957 and has expanded through organic growth and acquisitions.