RBC Capital analysts provided their views on TFI International Inc. (NYSE:TFII) following the company’s Investor Day, during which it provided long-term 10-year margin targets for each business segment, discussed capacity and strategy toward M&A as well as outlined its various business segments.
According to the analysts, the consolidated O/R guide was notable in that it represents EPS growth of approximately 25% to be achieved in the medium term. Moreover, management highlighted $5 billion worth of dry powder for large-scale M&A should the opportunity present itself. According to the analysts, capital to this order of magnitude is meaningful, and (combined with the company’s track record thus far) quite compelling.