Stocks

Why TFI International Inc stock is sliding today

By Wealth Awesome Newsroom -
Stocks & ETFs:TFII.TO
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TFI International Inc. faces a notable drawdown, closing down 3.29% in the latest trading session.

In the latest trading session, TFI International Inc. (TFII.TO) saw its stock price drop by 3.29%, closing at CA$197.43. This decline adds to a troubling trend, with the stock now down 9.5% over the past month. Investors are left questioning the underlying causes of this downturn as the company prepares to release its second-quarter results later this month.

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TFI International Inc

TFII.TO

Full stock page โ†’

TFII.TO

TFI International Inc

Source:WealthAwesomeWealthAwesome
โ†‘ $66.44 (45.27%)
120 day period
$135.52$181.69$227.87Jan 28Apr 24Jul 20

Market cap

$17.64B

P/E

42.2x

52W high

$233.09

52W low

$112.34

1W change

+1.90%

Beta

1.48

Analyst Price Targets

Based on analyst covering TFII

๐Ÿ“ˆ

Wall Street analysts forecast TFII stock price to rise 3.0% over the next 12 months.

Consensus

Neutral

Based on avg. target vs last close (formal rating unavailable for Canadian listings)

Avg. Target

C$219.51

+3.0% Upside

Current Price

C$213.21

Last close

Analyst ratings and price targets are updated periodically. Not financial advice.

Wealth Awesome Price Forecast

WA Model

Statistical 90-day price range based on TFII's historical volatility

HistoricalForecast68%95%
C$131.45C$188.41C$245.37C$302.33C$359.29C$416.25TodayMar 12May 15Jul 20Sep 1Oct 15Nov 27

30-Day Vol

38.6%

Annualized

90-Day Vol

35.2%

Annualized

Trend (90d)

+50.0%

Annualized drift

90d Mean

C$254.89

Expected price

HorizonExpected68% Range (1ฯƒ)
30 trading daysC$226.29C$198.10 โ€“ C$258.49
60 trading daysC$240.16C$198.97 โ€“ C$289.88
90 trading daysC$254.89C$202.43 โ€“ C$320.95

Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯƒ, 95% band = ยฑ2ฯƒ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.

Investor takeaway: While TFI International has been recognized for its potential in the logistics sector, the recent stock performance suggests that investors should exercise caution and closely monitor upcoming earnings reports for clearer insights.

3.29% Decline in TFI International Stock

TFI International's stock has experienced a significant drop of 3.29% in just one trading day, reflecting broader concerns in the transportation sector.

Bull case

Analysts have pointed out TFI International's strong position in the market and its growth potential. Recently, Goldman Sachs raised its price target, showing optimism about a freight recovery.

Bear case

Despite the positive outlook from some analysts, the current stock performance raises concerns about market sentiment and whether the company can meet growth expectations, especially with recent downgrades in the trucking sector.

Recent Performance Overview

TFI International's stock has seen a sharp decline of 3.29% in the last trading session, closing at CA$197.43. This drop is part of a larger trend, with the stock down 9.5% over the past month. Investors are likely reacting to broader market pressures and concerns surrounding the logistics sector's performance.

Market Sentiment and Analyst Ratings

Despite the recent downturn, TFI International has received a Zacks Rank of #2 (Buy), indicating that some analysts still see potential in the stock. However, with the second-quarter earnings report scheduled for July 27, market sentiment may shift based on the company's performance and guidance.

Looking Ahead

As TFI International prepares to announce its quarterly results, investors should remain vigilant. The company's ability to navigate current market challenges and meet or exceed earnings expectations will be crucial in determining its stock trajectory moving forward.

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