CIBC Cuts TFI International (TSE:TFII) Price Target to C$172.00

TFI International (TSE:TFII) had its price target reduced by research analysts at CIBC from C$175.00 to C$172.00 in a report released on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s target price would indicate a potential downside of 7.07% from the stock’s current price.

TFII has been the topic of a number of other research reports. National Bankshares boosted their price objective on TFI International from C$209.00 to C$222.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 27th. Desjardins boosted their price target on shares of TFI International from C$208.00 to C$216.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Scotiabank raised their price objective on shares of TFI International from C$225.00 to C$235.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Royal Bank of Canada lifted their price objective on shares of TFI International from C$155.00 to C$173.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Finally, BMO Capital Markets raised their target price on shares of TFI International from C$122.00 to C$130.00 and gave the stock a “market perform” rating in a report on Monday, January 8th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$182.78.

TFI International Price Performance

TSE:TFII traded down C$2.79 during midday trading on Monday, hitting C$185.08. 150,828 shares of the stock were exchanged, compared to its average volume of 190,638. The company has a market capitalization of C$15.64 billion, a price-to-earnings ratio of 23.54, a P/E/G ratio of 1.01 and a beta of 1.40. The company has a current ratio of 1.25, a quick ratio of 1.18 and a debt-to-equity ratio of 90.47. TFI International has a one year low of C$137.36 and a one year high of C$220.93. The business has a 50-day moving average price of C$206.24 and a two-hundred day moving average price of C$181.86.

Insider Activity

In other news, insider TFI International Inc. bought 66,895 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were bought at an average cost of C$191.48 per share, with a total value of C$12,809,348.94. In related news, Director Sébastien Martel purchased 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average cost of C$194.71 per share, for a total transaction of C$292,063.95. Also, insider TFI International Inc. acquired 66,895 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were bought at an average cost of C$191.48 per share, for a total transaction of C$12,809,348.94. Over the last 90 days, insiders have bought 69,290 shares of company stock worth $13,228,693 and have sold 52,706 shares worth $11,109,229. 5.73% of the stock is owned by company insiders.

About TFI International

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States and Canada. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items in North America.