TFI International (TSE:TFII) Director Steven Mayer Acquires 2,200 Shares of Company Stock

TFI International Inc. (TSE:TFII) Director Steven Mayer bought 2,200 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were bought at an average price of C$130.28 per share, with a total value of C$286,616.00. Following the completion of the purchase, the director owned 2,200 shares in the company, valued at approximately C$286,616. The trade was a ∞ increase in their position.

TFI International Price Performance

TSE TFII opened at C$135.14 on Wednesday. The business’s fifty day moving average price is C$169.21 and its 200-day moving average price is C$179.42. The stock has a market capitalization of C$11.11 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 1.01 and a beta of 1.80. 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 Inc. has a 1-year low of C$113.72 and a 1-year high of C$233.85.

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

TFI International Dividend Announcement

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

Wall Street Analyst Weigh In

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

Key TFI International News

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

• Positive Sentiment: Four directors bought shares, totaling about C$3.35 million. Alain Bédard led with a C$2.64 million purchase; Debra Kelly-Ennis, Steven Mayer and John Pratt also added shares. The cluster of purchases may signal that insiders see value at recent prices. Insider buying report
• Negative Sentiment: TD Cowen cut its TFI International price target to $119 from $158, and CIBC lowered its target to $120 from $158. The sharp reductions could pressure sentiment by signaling more cautious expectations. TD Cowen price-target report CIBC price-target report
• Negative Sentiment: A Globe and Mail report says TFI is struggling to turn around the freight business it acquired from UPS. Continued difficulty improving that operation could weigh on results and reinforce concerns behind the lower analyst targets. Globe and Mail report on UPS Freight

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.