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Following The Money: Institution’s Growing Stake In TFI International Inc. (NYSE: TFII)

January 19, 2023
in Finance

TFI International Inc. (TFII) concluded trading on 01/18/23 at a closing price of $106.47, with 0.35 million shares of worth about $36.95 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.13% during that period and on Wednesday the price saw a gain of about 0.91%. Currently the company’s common shares owned by public are about 88.23M shares, out of which, 77.17M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 21 analysts are covering the TFII stock and their offered price forecasts bring an average price target of $118.82. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $140.00 and could fall to a lowest price of $100.00. The stock’s current price level is 11.06% above of average price target set by the analysts, while a rise to estimated low would result in loss of -6.47% for the stock. However, touching the estimated high of $140.00 would mean a gain of 23.95% for the stock.

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American Funds Investment Company, American Funds Insurance Series -, and American Funds Fundamental Invest are the top 3 mutual funds which are holding stakes in TFI International Inc. American Funds Investment Company is currently holding 5.53 million shares of worth totaling $554.18 million. The company recently came buying 0.0 shares which brought its stake up to 6.34% of the company’s outstanding shares. American Funds Fundamental Invest, after buying 2.55 million shares, have now control over 2.92% of the stake in the company. It holds 0.0 shares of worth $255.27 million.

TFI International Inc. (NYSE: TFII) started trading at $105.80, above $0.29 from concluding price of the previous day. However, the stock later moved at a day high price of 110.77, or with a gain of 0.91%. Stock saw a price change of 0.97% in past 5 days and over the past one month there was a price change of 0.65%. Year-to-date (YTD), TFII shares are showing a performance of 6.22% which increased to 10.26% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $71.63 but also hit the highest price of $112.25 during that period. The average intraday trading volume for TFI International Inc. shares is 250.69K. The stock is currently trading 3.33% above its 20-day simple moving average (SMA20), while that difference is up 3.41% for SMA50 and it goes to 13.91% higher than SMA200.

TFI International Inc. (NYSE: TFII) currently have 88.23M outstanding shares and institutions hold larger chunk of about 68.13% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.

The stock has a current market capitalization of $12.54B and its 3Y-monthly beta is at 1.52. PE ratio of stock for trailing 12 months is 8.35, while it has posted earnings per share of $12.75 in the same period. Its PEG reads 0.43 and has Quick Ratio of 1.20 while making debt-to-equity ratio of 0.73. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TFII, volatility over the week remained 2.81% while standing at 2.78% over the month.

Analysts are in expectations that TFI International Inc. (TFII) stock would likely to be making an EPS of $1.97 in the current quarter, while forecast for next quarter EPS is $1.78 and it is $7.85 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.42 which is $2.21 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.46 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 126.20% while it is estimated to decrease by -7.79% in next year. EPS is likely to shrink at an annualized rate of 19.39% for next 5-years, compared to annual growth of 33.50% made by the stock over the past 5-years.

Analysts at 21 brokerage firms have issued recommendations for the TFI International Inc. (TFII)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.90. Out of those 21 Wall Street analysts, 16 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Coverage by Wells Fargo stated TFI International Inc. (TFII) stock as an Overweight in their note to investors on October 04, 2022, suggesting a price target of $111 for the stock. On June 28, 2022, Credit Suisse Initiated their recommendations, while on April 08, 2022, BofA Securities Downgrade their ratings for the stock with a price target of $95. Stock get an Outperform rating from Wolfe Research on March 14, 2022.

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