Bank of America Forecasts Strong Price Appreciation for TFI International (NYSE:TFII) Stock

TFI International (NYSE:TFII) had its price target raised by equities researchers at Bank of America from $90.00 to $92.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “underperform” rating on the stock. Bank of America‘s target price suggests a potential upside of 4.75% from the stock’s current price.

TFII has been the topic of several other research reports. Susquehanna lifted their price objective on TFI International from $100.00 to $105.00 and gave the company a “positive” rating in a report on Wednesday, June 18th. JPMorgan Chase & Co. lifted their price objective on TFI International from $101.00 to $116.00 and gave the company an “overweight” rating in a report on Tuesday. Stifel Nicolaus lifted their price objective on TFI International from $88.00 to $91.00 and gave the company a “hold” rating in a report on Thursday, July 24th. Susquehanna Bancshares cut their price objective on TFI International from $105.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Finally, CIBC cut their price objective on TFI International from $118.00 to $110.00 and set an “outperformer” rating on the stock in a report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, TFI International currently has an average rating of “Moderate Buy” and a consensus target price of $117.13.

TFI International Price Performance

TFI International stock opened at $87.83 on Tuesday. The firm has a market capitalization of $7.29 billion, a P/E ratio of 20.14, a PEG ratio of 2.93 and a beta of 1.48. TFI International has a 1 year low of $72.02 and a 1 year high of $157.77. The business has a 50-day moving average of $89.41 and a 200-day moving average of $94.86. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 0.88.

TFI International (NYSE:TFII) last posted its earnings results on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.10. TFI International had a return on equity of 15.45% and a net margin of 4.48%. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.49 billion. On average, equities analysts anticipate that TFI International will post 7.76 EPS for the current year.

Institutional Trading of TFI International

A number of institutional investors have recently modified their holdings of TFII. Baskin Financial Services Inc. lifted its position in shares of TFI International by 1.6% during the 2nd quarter. Baskin Financial Services Inc. now owns 420,152 shares of the company’s stock worth $37,711,000 after buying an additional 6,786 shares during the last quarter. Argent Capital Management LLC lifted its position in shares of TFI International by 303.4% during the 2nd quarter. Argent Capital Management LLC now owns 142,864 shares of the company’s stock worth $12,811,000 after buying an additional 107,451 shares during the last quarter. United Services Automobile Association bought a new stake in shares of TFI International during the 1st quarter worth $217,000. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of TFI International by 10.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 41,278 shares of the company’s stock worth $3,197,000 after buying an additional 3,925 shares during the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of TFI International by 877.9% during the 1st quarter. Quantbot Technologies LP now owns 78,466 shares of the company’s stock worth $6,077,000 after buying an additional 70,442 shares during the last quarter. 73.30% of the stock is currently owned by institutional investors.

About TFI International

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.