CIBC Reaffirms Their Buy Rating on TFI International (TFII)

CIBC analyst Kevin Chiang maintained a Buy rating on TFI International (TFII – Research Report) today and set a price target of $172.00. The company’s shares opened today at $137.66.

According to TipRanks, Chiang is a 4-star analyst with an average return of 3.9% and a 55.01% success rate. Chiang covers the Industrials sector, focusing on stocks such as Canadian Pacific Kansas City, Canadian National Railway, and Waste Management.

TFI International has an analyst consensus of Strong Buy, with a price target consensus of $162.71, a 18.20% upside from current levels. In a report released today, TD Cowen also maintained a Buy rating on the stock with a $176.00 price target.

Based on TFI International’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.97 billion and a net profit of $131.39 million. In comparison, last year the company earned a revenue of $1.96 billion and had a net profit of $306.12 million

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TFII in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

TFI International (TFII) Company Description:

TFI International, Inc. provides freight transportation and logistics services. It operates through the following segments: Package & Courier, Less-Than-Truckload, Truckload, and Logistics. The Package & Courier segment engages in pickup, transport, tracking and delivery of items across North America. The Less-Than-Truckload segment offers pickup, consolidation, transport and delivery of smaller loads. The Truckload segment includes expedited transportation, flatbed, container and dedicated services. The Logistics segment provides asset-light logistics services. The company was founded in 1957 and is headquartered in Saint-Laurent, Canada.