The Globe and Mail reports in its Wednesday, April 23, edition that RBC Dominion Securities analyst Walter Spracklin is keeping his "outperform" call for TFI International intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Spracklin cut his share target to $98 from $127 (all figures U.S.). Analysts on average target the shares at $119.89. Mr. Spracklin says in a note: "Our Q1 EPS estimate moves lower to 95 cents (from $1.36), in line with consensus, mainly to reflect a weaker industrial backdrop in line with recent commentary from transport peers. Our 2025 estimate decreases to $5.49 (from $6.89), a touch below consensus $5.55, and in line with guidance for H1 EPS to be down year-over-year. Our price target decreases on our lower out-year estimates applied to our lower target multiple of 12 times (from 14 times)." The Globe reported on Feb. 4 that Mr. Spracklin continued to rate TFI International "outperform." The shares could then be had for $129.97. The Globe reported on Feb. 21 that National Bank Financial analyst Cameron Doerksen had reaffirmed his "sector perform" for TFI International. The shares were then going for $94.71.
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