9 stories mentioning TFII
Every FINWIRES story that references TFII, newest first.
TFI International (TFII.TO, TFII ), on Monday said its board declared a quarterly dividend of US$0.47 per share, payable on July 15 to shareholders of record at the close of business on June 30. This was unchanged from the quarterly dividend declared in March.
TFI International (TFII) shares were up over 6% in Tuesday trading after BofA Securities upgraded the stock to buy from neutral, and raised its price target to $161 from $122.Trading volume stood at more than 473,000 shares, compared with a daily average of about 417,000 shares.Price: $146.99, Change: $+8.66, Percent Change: +6.26%
CIBC Capital Markets reiterated its outperformer rating on the shares of TFI International (TFII, TFII.TO) while raising its price target to US$162 from US$134 after the company reported its first-quarter results.The trucking and logistics company reported Q1 results that were "ahead of expectations" and provided Q2 adj. EPS guidance "comfortably ahead of expectations", said CIBC."Within TFII's LTL (less than truckload) segment, the company highlighted a clear sequential inflection in LTL volumes as the quarter progressed, with January shipments down ~10% Y/Y, February shipments flattish, and then turning positive to up ~8% Y/Y in March and holding at similarly strong levels in April," noted CIBC.This reflects better operating conditions following early-quarter weather disruptions, said CIBC."Importantly, revenue per shipment also stabilized into April (roughly flat Y/Y), an improvement from down low-single digits in March, suggesting incremental volume has not come at the expense of pricing discipline," said CIBC. "TFII was also able to put through GRI in mid-March, but this accounts for just 25% of LTL shipments."TFII is also pursuing other strategic pricing initiatives including customer-specific pricing for its 3PL customer, noted CIBC and said that this suggests TForce Freight (TFF) is beginning to see both pricing and volume momentum which are "key drivers for U.S. LTL OR to fall to below 90%.""The key takeaway from TFII's Q1 results and earnings call was that it saw strong momentum exiting the quarter," said CIBC. "We have raised our earnings estimates to reflect TFII's commentary with our price target moving from (US)$134 to (US)$162. We keep our Outperformer rating."Price: $201.54, Change: $+13.01, Percent Change: +6.90%
(Updated to include BofA's commentary)BofA Securities upgraded TFI International (TFII) to buy from neutral following the company's reported Q1 earnings beat, led by Truckload and Logistics.There is favorable exposure to supply side and industrial demand catalysts, progress on productivity/service initiatives, and an attractive valuation for the company, analyst Ken Hoexter wrote in a Tuesday note.TFI International has an average rating of overweight and mean price target of $145.49, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $146.68, Change: $+8.35, Percent Change: +6.03%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We upgrade TFI to Hold from Sell and increase our target price to CAD222 from CAD125. This is based on an EV/EBITDA multiple of 9.5x (from 7.0x) our 2027 EBITDA figure. While our conviction on the LTL business floundering continued to play out in Q1, the sentiment on the freight environment has turned overwhelmingly positive, outpacing the LTL story. Energy prices remain elevated, restricting supply and raising rates without yet degrading demand. Management guided to a Q2 EPS figure of $1.50 to $1.60, which suggests Y/Y growth in the double digits. We still view TFI as being operationally weaker than peers; however, a rising tide is significantly lifting all boats. We increased our 2026 EPS estimate to USD4.63 (up by USD0.57) and our 2027 EPS estimate to USD5.62 (up by USD0.64). We now expect mid-single-digit growth in revenue for FY 26 and low single-digit top-line growth in 2027.
TFI International (TFII) has an average rating of overweight and mean price target of $145.49, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $146.59, Change: $+8.26, Percent Change: +5.97%
RBC Capital Markets raised its price target on TFI International (TFII.TO, TFII) to US$158 from US$137.Analyst Walter Spracklin maintained an Outperform rating on shares of the Canadian transport and logistics company following its Q1 results on Monday."With two quarters in a row of results beating (albeit lowered) expectations (Q1/26 EPS of $0.69 vs street $0.61), TFII has followed now with a quarter forward guide that (for the first time) is above expectations ($1.50 to $1.60 guide vs. street $1.31)," Spracklin said in a note to clients."While the stock has been on a run (up 40% from March lows), we believe there was still some trepidation around a conservative guide - and the stock still remains cheap relative to peers (at a P/E of 20.2x 2027 vs LTL (31x) and TL (24x) peers)," the analyst said.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Q1 EPS of $0.69 beat the internal target range of $0.50-$0.60 despite challenging conditions, while total revenue of $1.95B was essentially flat and operating income declined 15.7% to $96.6M. Operating margin contracted 100 bps to 5.7% amid volume pressures and $6.7M in incremental accident expenses. Segment results diverged sharply, with Truckload operating income up 14.3% to $55.8M and Logistics up 10.3% to $34.4M, while LTL struggled with operating income down 35.0% to $30.6M as margin compressed 220 bps to 4.7%. Management guided Q2 adjusted EPS to $1.50-$1.60, suggesting meaningful improvement in freight dynamics. The company raised its quarterly dividend 4.4% to $0.47 per share and generated free cash flow of $123.7M. We remain concerned about continued LTL weakness, as the segment's operating ratio deteriorated 220 bps to 95.3% amid softer industrial demand, tempering optimism from the stronger Q2 guidance.
TFI International (TFII.TO, TFII) after the close Monday reported an 11% year-over-year drop in its first-quarter adjusted profit, while revenue was broadly flat but came in above analysts' expectations.The trucking and logistics company said adjusted profit, excluding most one-time items, totaled US$57.2 million, or US$0.69 per share, down from US$64.2 million, or US$0.76, in the prior-year period, but exceeding FactSet estimates of US$0.61.Revenue for the quarter was US$1.95 billion, little changed from US$1.96 billion a year earlier, and ahead of FactSet estimates of US$1.90 billion. Revenue before fuel surcharges was US$1.70 billion compared to US$1.71 billion in the prior year period. The decrease is primarily due to reduced volumes driven by weaker end market demand partially offset by contributions from business acquisitions, the company said.The company said its board also approved a US$0.47 quarterly dividend, unchanged from the prior quarter.In its guidance, assuming no significant positive or negative change in the operating environment, the company expects second quarter 2026 adjusted diluted EPS to be in the range of US$1.50 to US$1.60. It anticipates full-year net capital expenditures excluding real estate, between US$225 million and US$250 million."We easily exceeded our first quarter earnings outlook on stronger revenue and higher profitability for both Truckload and Logistics despite adverse weather early in the quarter, thanks to the hard work of our talented team and benefitting from our strategic investments in recent years," said chief executive Alain Bedard. "Acquisitions strategically pursued during the weaker cycle and enabled by our strong capital position have enhanced our diversified portfolio of operating companies, and the resulting mix of industrial end market exposure is beginning to benefit our operating results."The company's shares closed down C$1.04 to C$188.53 on Toronto Stock Exchange.