TFI International Inc.

Company Overview:  TFI International Inc. (TSX: TFII) is listed on the TSX index and is a transportation and logistics company domiciled in Canada. The company organizes itself into four segments: package and courier, less-than-truckload, truckload, and logistics.

As per our previous ‘Earnings Hunter’ Report published on TFII on 6^th June 2022, Kalkine provided an ‘Attractive’ stance on the stock at CAD 106.60 based on ‘Earnings Hunter Score’, and the stock price has moved up by 11.55% since then and the stock price is near its first resistance level.

Noted below are the details of support and resistance levels provided in our previous report:

TFII’s Daily Chart

(Source: Refinitiv, Analysis: Kalkine Group) 

Considering the changing market dynamics, altered risk-reward scenario, and the current trading levels and high uncertainty around the levels, the stock seems ‘unattractive’ at the current market price of CAD 118.15 (as of 10:10 AM Toronto time, 21 July 22).  

TFI International Inc. is a part of Kalkine’s Earnings Hunter Report 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 21 July 2022. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Disclaimer

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