21:21:49 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



TFI International Inc
Symbol TFII
Shares Issued 84,453,714
Close 2024-02-13 C$ 191.25
Market Cap C$ 16,151,772,803
Recent Sedar Documents

Globe says TFI International maintained at "buy"

2024-02-13 08:37 ET - In the News

The Globe and Mail reports in its Tuesday, Feb. 13, edition that Desjardins Securities analyst Benoit Poirier has reaffirmed his "buy" recommendation for TFI International. The Globe's David Leeder writes in the Eye On Equities column that Mr. Poirier gave his share target an $8 boost to $216. Analysts on average target the shares at $190.22. Mr. Poirier believes TFI International is facing "another challenging year." He expects investor enthusiasm to continue, pointing to two "exciting new wrinkles." Mr. Poirier says in a note: "Management opens the door to a P&C sale and the potential for the TL spin-off to include other specialized TL players. Following the spinoff, TFI International will be left with LTL, logistics and P&C -- but with the P&C segment being Canada-only, the smallest out of the three and facing restricted growth, it does not seem to fit. UPS and FedEx would be the most likely buyers given the attractive profitability, ROIC and density in Canada. We do not see it selling the business for under 11 to 12 times FY2 EBITDA (we calculate a sale would generate $1.81.9-billion (U.S.) of cash for TFI, nearly wiping out the whole of its post-DSKE debt)."

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