TFI International Inc. (NYSE:TFII) Stock Has Average Price Target of $167.94 According to Brokerages

Shares of TFI International Inc. (NYSE:TFII) have received an average rating of “Moderate Buy” from the nineteen analysts that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $167.94.

TFII has been the subject of several research reports. Royal Bank Of Canada dropped their target price on TFI International from $171.00 to $144.00 and set an “outperform” rating for the company in a research report on Wednesday, September 30th. Bank of America upped their price objective on TFI International from $178.00 to $187.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. UBS Group lifted their target price on shares of TFI International from $154.00 to $159.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. TD Cowen boosted their target price on shares of TFI International from $154.00 to $158.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Finally, Scotia upped their price target on shares of TFI International from $260.00 to $263.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 28th.

Hedge Funds Weigh In On TFI International

A number of hedge funds have recently modified their holdings of TFII. Laurel Wealth Advisors LLC bought a new position in TFI International during the 3rd quarter worth $36,000. Guardian Partners Inc. boosted its holdings in TFI International by 1.1% in the third quarter. Guardian Partners Inc. now owns 37,960 shares of the company’s stock valued at $4,563,000 after acquiring an additional 412 shares during the last quarter. Value Partners Investments Inc. boosted its holdings in TFI International by 4.7% in the third quarter. Value Partners Investments Inc. now owns 18,857 shares of the company’s stock valued at $2,268,000 after acquiring an additional 838 shares during the last quarter. Financial & Tax Architects LLC increased its position in TFI International by 31.4% during the 3rd quarter. Financial & Tax Architects LLC now owns 4,677 shares of the company’s stock valued at $561,000 after purchasing an additional 1,117 shares during the period. Finally, Triasima Portfolio Management inc. increased its position in TFI International by 11.0% during the 3rd quarter. Triasima Portfolio Management inc. now owns 80,742 shares of the company’s stock valued at $9,706,000 after purchasing an additional 7,991 shares during the period. Institutional investors and hedge funds own 73.30% of the company’s stock.

TFI International Price Performance

Shares of NYSE TFII opened at $114.48 on Friday. TFI International has a 12 month low of $80.63 and a 12 month high of $167.69. The stock has a 50-day moving average price of $124.32 and a two-hundred day moving average price of $129.34.

TFI International (NYSE:TFII) last posted its quarterly earnings results on Monday, July 27th. The company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.26. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.23 billion. Equities analysts forecast that TFI International will post 6.00 earnings per share for the current fiscal year.

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.