TFI International (NYSE:TFII) Stock Price Target Cut by Citigroup

TFI International (NYSE:TFII) had its price objective cut by investment analysts at Citigroup from $157.00 to $123.00 in a report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup‘s target price would suggest a potential upside of 26.21% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Canadian Imperial Bank of Commerce cut their price objective on TFI International from $175.00 to $158.00 and set an “outperformer” rating on the stock in a research report on Monday, October 5th. Wall Street Zen downgraded TFI International from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 10th. Morgan Stanley decreased their target price on TFI International from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Monday. JPMorgan Chase & Co. dropped their price target on TFI International from $175.00 to $168.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. Finally, TD Cowen cut their price target on shares of TFI International from $158.00 to $119.00 and set a “buy” rating on the stock in a report on Monday. Fourteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $155.12.

TFI International Trading Up 4.4%

Shares of NYSE TFII traded up $4.14 during trading hours on Monday, hitting $97.46. The company’s stock had a trading volume of 440,551 shares, compared to its average volume of 370,631. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.10 and a current ratio of 1.11. The stock has a market cap of $8.01 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 0.59 and a beta of 1.68. TFI International has a 12 month low of $80.63 and a 12 month high of $167.69. The business has a 50-day simple moving average of $122.28 and a 200-day simple moving average of $129.26.

TFI International (NYSE:TFII) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.08). The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.23 billion. TFI International had a net margin of 4.26% and a return on equity of 16.05%. On average, analysts anticipate that TFI International will post 5.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TFI International

Hedge funds have recently added to or reduced their stakes in the stock. Vise Technologies Inc. increased its holdings in shares of TFI International by 15.0% during the third quarter. Vise Technologies Inc. now owns 3,684 shares of the company’s stock valued at $442,000 after acquiring an additional 481 shares in the last quarter. Laurel Wealth Advisors LLC bought a new stake in TFI International during the 3rd quarter valued at about $36,000. Guardian Partners Inc. raised 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 worth $4,563,000 after buying an additional 412 shares during the last quarter. Value Partners Investments Inc. raised 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 worth $2,268,000 after buying an additional 838 shares during the last quarter. Finally, Financial & Tax Architects LLC lifted its stake in shares of TFI International by 31.4% in the third quarter. Financial & Tax Architects LLC now owns 4,677 shares of the company’s stock worth $561,000 after buying an additional 1,117 shares in the last quarter. 73.30% of the stock is owned by institutional investors.

Key Headlines Impacting TFI International

Here are the key news stories impacting TFI International this week:

• Positive Sentiment: Goldman Sachs retained a “buy” rating and set a $155 price target, implying substantial upside from current levels. Goldman Sachs TFI International analyst rating
• Positive Sentiment: Morgan Stanley maintained its “overweight” rating with a $175 target, indicating continued confidence in TFI International’s longer-term recovery potential. Morgan Stanley TFI International analyst rating
• Positive Sentiment: Stephens kept an “overweight” rating and established a $140 target, still representing meaningful potential appreciation. Stephens TFI International analyst rating
• Positive Sentiment: TD Cowen maintained a “buy” rating with a $119 target, while RBC retained an “outperform” rating and a $117 target. TD Cowen TFI International analyst rating RBC TFI International analyst rating
• Negative Sentiment: All five firms lowered their targets, including cuts of $15 to $35 per share. The reductions suggest weaker near-term earnings expectations despite the analysts’ continued bullish ratings and could limit investor enthusiasm.

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.