RBC says TFI International faces headwinds in its less-than-truckload (LTL) business, even as freight trends improve.
In its November 2 assessment, RBC points to a gap between stronger freight trends and challenges in TFI’s LTL business. The supplied headline doesn’t say what’s driving those challenges or estimate their impact. TFI shares last closed at C$137.72, but the available information doesn’t show that RBC’s assessment caused recent share-price moves.
Investor takeaway: RBC sees stronger freight trends alongside LTL headwinds, but the supplied information doesn’t quantify the pressures or their effect on TFI’s results.
TFI International Inc
TFII.TO
TFII.TO
TFI International Inc
WealthAwesomeMarket cap
$11.03B
P/E
23.9x
Div. yield
1.39%
Div. / share
$1.86
52W high
$232.19
52W low
$111.90
1W change
-15.98%
Beta
1.45
Analyst Price Targets
Based on analyst covering TFII · as of Nov 4, 2026
Wall Street analysts forecast TFII stock price to rise 66.1% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$224.49
+66.1% Upside
Previously C$224.25 on Nov 2, 2026
Current Price
C$135.14
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TFII's historical volatility
30-Day Vol
59.4%
Annualized
90-Day Vol
46.0%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$113.04
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$127.33 | C$103.74 – C$156.29 |
| 60 trading days | C$119.97 | C$89.79 – C$160.30 |
| 90 trading days | C$113.04 | C$79.27 – C$161.21 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
TFI closed at C$137.72
TFI’s latest supplied closing price was C$137.72. RBC’s headline gives no estimate of the LTL headwinds or their financial impact.
Bull case
RBC describes freight trends as stronger, which could support the industry. The headline doesn’t explain how those trends might affect TFI.
Bear case
RBC flags headwinds in TFI’s LTL business but doesn’t identify their source, scale or likely duration.
What RBC’s headline says—and leaves unclear
RBC’s November 2 headline says TFI faces LTL headwinds despite stronger freight trends. It doesn’t say whether the pressures involve pricing, costs, demand, operations or something else. Nor does it estimate the effect on revenue, margins or earnings. The available information supports describing RBC’s view as a contrast between a stronger freight backdrop and challenges in TFI’s LTL business, not as a quantified forecast. TFI’s company page identifies the listed company as TFI International Inc.
The supplied share data
TFI’s latest supplied close was C$137.72. The stock was up 0.73% over one day, but down 15.98% over one week and 20.14% over one month. Its year-to-date change was negative 6.61%. These figures cover different periods and don’t show that RBC’s headline drove the moves.
Latest reported volume was 3,361 shares, compared with a 20-day average of 479,658. The supplied volume comparison is 1.06 times average. The close was 21% of the way through the stated 52-week range of C$111.90 to C$232.19. These figures provide trading context, not an explanation for RBC’s assessment.
What to watch for in further detail
The main unanswered question is what RBC means by LTL headwinds and how they compare with the stronger freight trends in its headline. Details about the operating pressures and their financial impact would clarify RBC’s view, but the supplied headline doesn’t include them. TFI’s stock page provides a reference for the listed company. The available information also gives no timeline for when the headwinds might ease.
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