Citigroup Analysts Set $108 Target for TFI International Stock

TFI International (NYSE: TFII) has received a target price of **$108.00** from analysts at **Citigroup**, indicating a potential upside of **20.67%** from its previous closing price. This information was disclosed in a report released on **July 25, 2023**, where Citigroup maintained a “buy” rating on the stock.

Other investment firms have recently adjusted their target prices for TFI International as well. **Susquehanna Bancshares** reduced its target from **$105.00** to **$100.00**, while maintaining an “outperform” rating. **CIBC** lowered its target from **$118.00** to **$110.00**, also setting an “outperform” rating, and **TD Cowen** adjusted their price objective down from **$115.00** to **$107.00**, keeping a “buy” rating. Conversely, **Bank of America** increased its target from **$90.00** to **$92.00**, assigning an “underperform” rating. Additionally, **Cormark** downgraded TFI International from a “moderate buy” to a “hold” rating.

Analysts’ ratings vary, with one recommending a sell, six suggesting a hold, ten endorsing a buy, and two giving a strong buy rating. Current data from **MarketBeat** shows an average rating of “Moderate Buy” with a target price averaging **$117.13**.

Latest Stock Performance and Earnings Report

TFI International’s stock opened at **$89.50** on **July 25, 2023**. The company has experienced a **52-week low** of **$72.02** and a **52-week high** of **$155.12**. Key financial metrics include a **debt-to-equity ratio** of **0.88**, a **quick ratio** of **1.03**, and a **current ratio** of **1.05**. The stock has a **market capitalization** of **$7.43 billion**, a **price-to-earnings (PE) ratio** of **20.53**, and a **beta of 1.43**.

On **July 28, 2023**, TFI International announced its quarterly earnings, reporting **$1.34** earnings per share (EPS), surpassing the consensus estimate of **$1.24** by **$0.10**. Revenue for the quarter was **$2.04 billion**, exceeding expectations of **$1.49 billion**. The company recorded a **net margin** of **4.48%** and a **return on equity** of **15.45%**. Analysts anticipate TFI International will achieve an EPS of **$7.76** for the current fiscal year.

Institutional Investor Activity

Recent trading activity among institutional investors has shown a notable increase in TFI International’s shares. For instance, **Bank of New York Mellon Corp** increased its holdings by **1.8%** in the second quarter, owning **78,729** shares valued at approximately **$7.06 million** after acquiring an additional **1,356** shares.

**QV Investors Inc.** raised its stake by **0.8%**, now holding **352,781** shares worth about **$31.60 million** after purchasing an extra **2,685** shares. **Sumitomo Mitsui Trust Group Inc.** boosted its position by **36.2%**, currently owning **12,275** shares valued at **$1.10 million**.

**Baskin Financial Services Inc.** and **Argent Capital Management LLC** have also increased their ownership, with Baskin acquiring **6,786** shares and Argent raising its stake by **303.4%** to **142,864** shares. Collectively, institutional investors now own **73.30%** of TFI International’s stock.

With a dynamic mix of analyst ratings and institutional interest, TFI International remains a focal point in the logistics and transportation sector. The company’s strategic adjustments and robust earnings continue to attract attention in the financial markets.