TFI International Inc (TFII) Receives a Hold from CIBC


TFI International Inc (TFII), the Conglomerates sector company, has received a rating update from a Wall Street analyst yesterday. Analyst Kevin Chiang from CIBC reiterated a Hold rating, with a C$44 price target.

According to TipRanks.com, Chiang is a 5-star analyst with an average return of 10.6% and a 63.4% success rate. Chiang covers the Services sector, focusing on stocks such as WestJet Airlines Ltd, Canadian Railway, and Canadian Pacific.

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TFI International Inc has an analyst consensus of Moderate Buy, with a price target consensus of C$47.71.

Based on TFI International Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$86.71 million. In comparison, last year the company had a net profit of C$120 million.

TFI International, Inc. provides freight transportation and logistics services. It operates through the following segments: Package & Courier, Less-Than-Truckload, Truckload, and Logistics Services. The Package & Courier segment engages in pickup, transport, tracking and delivery of items across North America.

The company’s shares closed on Friday at C$41.37.

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