Scotiabank Predicts Higher Earnings for TFI International

TFI International Inc. (NYSE:TFII) – Investment analysts at Scotiabank boosted their FY2027 earnings per share estimates for shares of TFI International in a note issued to investors on Thursday, October 22nd. Scotiabank analyst K. Gupta now forecasts 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 $6.00 per share.

TFI International (NYSE:TFII) last released its earnings results on Monday, July 27th. The company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.26. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.23 billion.

TFII has been the topic of several other research reports. Stephens raised their price target on shares of TFI International from $195.00 to $205.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Weiss Ratings reissued a “hold (c)” rating on shares of TFI International in a research report on Monday, September 21st. UBS Group upped their target price on shares of TFI International from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. Scotia upped their target price on shares of TFI International from $260.00 to $263.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 28th. Finally, Royal Bank Of Canada reduced their target price on shares of TFI International from $171.00 to $144.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 30th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $167.94.

TFI International Price Performance

Shares of TFII opened at $114.48 on Monday. TFI International has a 12-month low of $80.63 and a 12-month high of $167.69. The firm has a fifty day moving average price of $124.32 and a 200-day moving average price of $129.34.

Hedge Funds Weigh In On TFI International

Institutional investors have recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new stake in shares of TFI International in the 3rd quarter worth approximately $36,000. Guardian Partners Inc. boosted its stake in shares of TFI International by 1.1% during the third quarter. Guardian Partners Inc. now owns 37,960 shares of the company’s stock valued at $4,563,000 after purchasing an additional 412 shares in the last quarter. Value Partners Investments Inc. boosted its stake in shares of TFI International by 4.7% during the third quarter. Value Partners Investments Inc. now owns 18,857 shares of the company’s stock valued at $2,268,000 after purchasing an additional 838 shares in the last quarter. Financial & Tax Architects LLC boosted its stake in shares of TFI International by 31.4% during the third 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 in the last quarter. Finally, Triasima Portfolio Management inc. increased its holdings in TFI International by 11.0% during the third quarter. Triasima Portfolio Management inc. now owns 80,742 shares of the company’s stock valued at $9,706,000 after buying an additional 7,991 shares during the period. Hedge funds and other institutional investors own 73.30% of the company’s stock.

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.