TFI International (TSE:TFII) Downgraded by CIBC

TFI International (TSE:TFII) was downgraded by CIBC from an “outperform” rating to a “neutral” rating in a report released on Friday, September 28th. They presently have a C$52.00 price objective on the stock, up from their prior price objective of C$47.00. CIBC’s price target would indicate a potential upside of 13.19% from the stock’s previous close.

A number of other brokerages have also commented on TFII. Cormark upped their price target on shares of TFI International from C$43.00 to C$51.00 in a research note on Friday, July 27th. TD Securities upgraded shares of TFI International from a “hold” rating to a “buy” rating and upped their price target for the company from C$45.00 to C$53.00 in a research note on Friday, July 27th. Stifel Nicolaus upped their price target on shares of TFI International from C$45.00 to C$51.00 in a research note on Monday, July 30th. Royal Bank of Canada increased their target price on shares of TFI International from C$40.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Friday, July 27th. Finally, National Bank Financial increased their target price on shares of TFI International from C$44.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Friday, July 27th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. TFI International has an average rating of “Buy” and an average price target of C$46.45.

Shares of TFII opened at C$45.94 on Friday. TFI International has a 52 week low of C$28.68 and a 52 week high of C$49.00.

In related news, insider Gregory William Rumble sold 47,000 shares of TFI International stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of C$47.40, for a total transaction of C$2,227,800.00. Also, Director Alain Bédard sold 130,000 shares of the firm’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of C$43.46, for a total transaction of C$5,649,800.00. Insiders have sold 343,400 shares of company stock valued at $15,589,428 in the last three months.

TFI International Company Profile

TFI International Inc, through its subsidiaries, provides transportation and logistics services in the United States, Canada, and Mexico. The company operates through Package and Courier, Less-Than-Truckload, Truckload, and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items.

Further Reading: What is a stock split?

Analyst Recommendations for TFI International (TSE:TFII)

Receive News & Ratings for TFI International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TFI International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply