TFI International (TSE:TFII) Stock Gets Price Target Reduction from Scotiabank

TFI International (TSE:TFII) had its price objective dropped by equities research analysts at Scotiabank from C$263.00 to C$235.00 in a research note issued to investors on Thursday, BayStreet reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 46.05% from the company’s current price.

TFII has been the subject of several other reports. Desjardins lifted their price target on TFI International from C$221.00 to C$245.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. National Bank Financial decreased their price target on TFI International from C$208.00 to C$160.00 and set an “outperform” rating for the company in a report on Friday, July 10th. Four analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, TFI International has a consensus rating of “Buy” and an average target price of C$179.40.

TFI International Stock Performance

TFII traded up C$0.81 during trading on Thursday, reaching C$160.90. 107,985 shares of the company’s stock were exchanged, compared to its average volume of 249,675. The stock has a market capitalization of C$13.22 billion, a P/E ratio of 39.53, a price-to-earnings-growth ratio of 1.01 and a beta of 1.96. TFI International has a 1 year low of C$113.72 and a 1 year high of C$233.85. The company’s fifty day simple moving average is C$181.23 and its 200-day simple moving average is C$191.22. The company has a debt-to-equity ratio of 111.46, a current ratio of 1.09 and a quick ratio of 1.18.

TFI International (TSE:TFII) last issued its earnings results on Monday, July 27th. The company reported C$2.63 earnings per share (EPS) for the quarter. TFI International had a net margin of 4.11% and a return on equity of 12.39%. The firm had revenue of C$3.25 billion during the quarter. As a group, research analysts predict that TFI International will post 12.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Rosemary Turner acquired 3,643 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was bought at an average price of C$197.58 per share, with a total value of C$719,783.94. Following the completion of the acquisition, the director owned 3,945 shares of the company’s stock, valued at approximately C$779,453.10. This represents a 1,206.29% increase in their ownership of the stock. Also, Director Keith Hall sold 1,069 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of C$205.95, for a total transaction of C$220,160.55. 5.97% of the stock is currently owned by insiders.

About TFI International

TFI International Inc is a North American leader in the transportation and logistics industry, operating across the United States,Canada and Mexico through its subsidiaries. TFI International creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned operating subsidiaries. Under the TFI International umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency. TFI International companies service the following segments: Less-Than-Truckload; Truckload; Logistics.