TFI International Inc (NYSE: TFII) Bullish Outlook Still Prevails With Short Term Targets At $133

TFI International Inc (NYSE:TFII) does about 238.06K shares in volume on a normal day but saw 621347 shares change hands in the recent trading day. The company now has a market cap of 11.50B USD. Its current market price is $135.89, marking an increase of 0.88% compared to the previous close of $134.71. The 52 week high reached by this stock is $162.13 whilst the lowest price level in 52 weeks is $104.91. The script in recent trading has seen the stock touch a high of $184 and a low of $120.

TFI International Inc (TFII) has a 20-day trading average at $137.44 and the current price is -16.18% off the 52-week high compared with 29.53% distance from its 52-week low. The 50-day simple moving average of the closing price is $142.60 and its 200-day simple moving average is $143.62. If we look at the stock’s price movements over the week, volatility stands at 3.51%, which decreases to 2.63% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 42.35 to suggest the stock is neutral.

22 analysts observing the TFI International Inc (TFII) stock have set the 12-month price targets for the company’s shares at between $120 and $184. The consensus objective for the share price is $161.21, suggesting that the stock has a potential upside of 15.71% over the period. The median price target is -2.17% away from the current levels at $133.

FactSet Research has provided data showing that 22 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 0 advise that it is a overweight. 17 analysts have rated it as a buy and 4 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 09, 2024 when Citigroup initiated the stock to “Buy” and issued a price target of $159. Stephens downgraded the stock to “Equal-Weight” from Overweight on October 01, 2024 at a price target of $176-$149. TD Cowen reiterated its price target at $176-$184.

The current price level is -1.13%, -4.70%, and -5.38% away from its SMA20, SMA50, and SMA200 respectively, with the TFII price moving above the 50-day SMA on current market day. TFI International Inc (TFII) stock is down -2.46% over the week and -7.01% over the past month. Its price is -0.07% year-to-date and 14.63% over the past year.

The stock last released its quarterly earnings report for quarter ended 9/30/2024, with the company’s earnings per share (EPS) of 1.71 above consensus estimates by 0.04. The company’s next earnings report forecasts estimating quarterly EPS at 1.82 and 6.48 for whole year. Expected sales for next quarter are $2.27B, which analysts say will come at $8.67B for the current fiscal year and next year at $9.44B. In addition, estimates put the company’s current quarterly revenue at an average of $2.3B.

Its 12-month price target is $133. To reach the target analysts have set, the stock logically needs to grow 15.71 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $120, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $184.

Outstanding shares total 84.44M with insiders holding 5.97% of the shares and institutional holders owning 73.39% of the company’s common stock. The company has a return on investment of 8.53% and return on equity of 17.49%. The price to earnings ratio (P/E ratio) amounts to 24.69 while the forward price to earnings ratio is 16.92. The beta has a value of 1.50. Price to book ratio is 4.18 and price to sales ratio is 1.39.