Royal Bank Of Canada Cuts TFI International (NYSE:TFII) Price Target to $144.00

by · The Cerbat Gem

TFI International (NYSE:TFII – Free Report) had its price objective reduced by Royal Bank Of Canada from $171.00 to $144.00 in a research note issued to investors on Wednesday morning, Marketbeat reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other research firms have also recently issued reports on TFII. Stifel Nicolaus upped their target price on shares of TFI International from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Tuesday, July 28th. TD Cowen lifted their price target on shares of TFI International from $154.00 to $158.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Scotiabank reissued an “outperform” rating on shares of TFI International in a report on Tuesday, July 28th. BMO Capital Markets restated a “market perform” rating and set a $170.00 price objective (up from $140.00) on shares of TFI International in a research report on Tuesday, June 9th. Finally, Wall Street Zen upgraded shares of TFI International from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.94.

Get Our Latest Stock Report on TFI International

TFI International Stock Down 1.6%

TFII stock opened at $118.66 on Wednesday. The stock has a market capitalization of $9.75 billion, a P/E ratio of 29.15, a P/E/G ratio of 0.75 and a beta of 1.63. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.09 and a quick ratio of 1.08. TFI International has a 1-year low of $80.63 and a 1-year high of $167.69. The business has a fifty day moving average price of $133.82 and a 200-day moving average price of $136.21.

TFI International (NYSE:TFII – Get Free Report) last released its quarterly earnings data on Monday, July 27th. The company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.59 by $0.26. TFI International had a return on equity of 14.87% and a net margin of 4.14%.The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.23 billion. TFI International has set its Q3 2026 guidance at 1.700-1.800 EPS. Equities analysts forecast that TFI International will post 6.06 earnings per share for the current fiscal year.

TFI International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, September 30th. TFI International’s payout ratio is currently 46.19%.

Hedge Funds Weigh In On TFI International

Several institutional investors have recently made changes to their positions in the business. Caisse de depot et placement du Quebec purchased a new position in shares of TFI International in the second quarter worth approximately $910,995,000. Jupiter Topco LLC purchased a new stake in TFI International during the second quarter valued at approximately $515,259,000. Maple Rock Capital Partners Inc. increased its holdings in TFI International by 4.2% during the second quarter. Maple Rock Capital Partners Inc. now owns 1,418,409 shares of the company’s stock valued at $203,641,000 after buying an additional 56,578 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in TFI International in the second quarter worth approximately $189,264,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in TFI International in the second quarter worth approximately $136,656,000. Institutional investors own 73.30% of the company’s stock.

About TFI International

(Get Free Report)

TFI International Inc is a transportation and logistics company headquartered in Saint-Laurent, Quebec. Through its operating companies, TFI International provides freight transportation, logistics and related services across North America, with operations serving Canada, the United States and Mexico.

The company’s principal activities include less-than-truckload and truckload transportation, package and courier delivery, last-mile services, specialized transportation and logistics. Its specialized operations support industries and customers requiring services such as expedited delivery, freight brokerage, final-mile distribution, household moving and handling of specialized or regulated cargo.

TFI International traces its roots to 1957 and was previously known as TransForce Inc The company adopted the TFI International name in 2016 as part of a broader effort to reflect the scope of its transportation and logistics operations.

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