TFI International (TSE:TFII) Stock: Insider Sébastien Martel Acquires 1,325 Shares

TFI International Inc. (TSE:TFII) Director Sébastien Martel bought 1,325 shares of TFI International stock in a transaction that occurred on Wednesday, November 4th. The shares were acquired at an average price of C$136.90 per share, with a total value of C$181,392.50. Following the acquisition, the director directly owned 8,935 shares of the company’s stock, valued at C$1,223,201.50. The trade was a 17.41% increase in their position.

TFI International Stock Performance

TFI International stock traded up C$3.11 during mid-day trading on Wednesday, hitting C$138.25. 307,135 shares of the company’s stock traded hands, compared to its average volume of 265,078. The stock has a market cap of C$11.36 billion, a price-to-earnings ratio of 32.00, a P/E/G ratio of 1.01 and a beta of 1.80. The firm has a 50 day simple moving average of C$169.21 and a two-hundred day simple moving average of C$179.42. TFI International Inc. has a fifty-two week low of C$113.72 and a fifty-two week high of C$233.85. The company has a debt-to-equity ratio of 106.02, a current ratio of 1.11 and a quick ratio of 1.18.

TFI International (TSE:TFII) last issued its quarterly earnings data on Thursday, October 29th. The company reported C$2.38 EPS for the quarter. The firm had revenue of C$3.18 billion for the quarter. TFI International had a return on equity of 12.95% and a net margin of 4.22%. On average, research analysts expect that TFI International Inc. will post 12.23 EPS for the current fiscal year.

TFI International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.88 annualized dividend and a yield of 1.4%. TFI International’s payout ratio is presently 43.52%.

TFI International News Roundup

Here are the key news stories impacting TFI International this week:

• Positive Sentiment: Six directors reported buying shares, with purchases totaling approximately C$3.8 million. CEO Alain Bédard accounted for C$2.64 million of the total, while five other directors also increased their holdings. The concentrated insider buying may support investor sentiment. Insider buying report
• Negative Sentiment: TD Cowen and CIBC each cut their TFI International price target from 158 to 119 and 120, respectively, reflecting more cautious expectations and potentially weighing on the stock. TD Cowen price-target report CIBC price-target report
• Negative Sentiment: A Globe and Mail report says TFI is still struggling to turn around the freight business acquired from UPS five years ago. Continued underperformance could hinder results and reinforce investor concerns. Globe and Mail report on UPS Freight

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Desjardins raised their price objective on TFI International from C$221.00 to C$245.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. National Bank Financial decreased their target price on shares of TFI International from C$208.00 to C$160.00 and set an “outperform” rating for the company in a research report on Friday, July 10th. Finally, Scotiabank lowered their price target on shares of TFI International from C$263.00 to C$235.00 and set a “sector outperform” rating for the company in a report on Thursday, October 15th. Four research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$179.40.

TFI International Company Profile

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.