BofA Securities analyst Ken Hoexter maintains $TFI International (TFII.US)$ with a hold rating, and adjusts the target price from $161.24 to $143.
According to TipRanks data, the analyst has a success rate of 50.8% and a total average return of 3.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $TFI International (TFII.US)$'s main analysts recently are as follows:
Following TFI International's announcement of third-quarter adjusted earnings per share at $1.60, which fell short of the anticipated $1.76 estimate and the consensus forecast of $1.77, earnings per share estimates for the fourth quarter, as well as for 2024 and 2025, have been revised downwards by 7%, 4%, and 4%, respectively.
The operating environment and network turnarounds for TFI International present challenges. While there is optimism about the early progress following the UPS transaction, it is believed that more entrenched issues may hinder and postpone the enhancement of less-than-truckload margins, potentially neutralizing gains in other business areas. Additionally, expectations for a potential spinoff appear to be on hold until significant growth in the company's market capitalization is achieved.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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