RBC Capital has adjusted its price target for TFI International (TFII, Financial), lowering it from $127 to $98. This decision comes as a reaction to concerning data from the Canadian Purchasing Managers' Index (PMI) during the first quarter, which suggests that industrial sectors may face continued challenges throughout the year.
Despite the reduced target, RBC Capital maintains an Outperform rating for TFI International. The firm anticipates that the current economic environment, highlighted by weaker industrial performance, could have a detrimental impact on results for companies within the transport and diversified industrial sectors.
The analysis reflects RBC's perspective on the potential hurdles the industry might encounter and emphasizes caution for investors regarding future performance in these sectors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for TFI International Inc (TFII, Financial) is $119.78 with a high estimate of $166.09 and a low estimate of $89.00. The average target implies an upside of 55.74% from the current price of $76.91. More detailed estimate data can be found on the TFI International Inc (TFII) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, TFI International Inc's (TFII, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for TFI International Inc (TFII, Financial) in one year is $131.99, suggesting a upside of 71.62% from the current price of $76.91. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the TFI International Inc (TFII) Summary page.
