TFI International (TSE:TFII) Director Debra Kelly-Ennis Acquires 1,600 Shares of Stock

TFI International Inc. (TSE:TFII) Director Debra Kelly-Ennis acquired 1,600 shares of TFI International stock in a transaction that occurred on Monday, November 2nd. The stock was acquired at an average cost of C$130.88 per share, with a total value of C$209,408.00. Following the completion of the purchase, the director owned 11,307 shares in the company, valued at approximately C$1,479,860.16. This represents a 16.48% increase in their position.

TFI International Trading Up 0.7%

Shares of TSE TFII opened at C$135.14 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.18 and a debt-to-equity ratio of 106.02. TFI International Inc. has a one year low of C$113.72 and a one year high of C$233.85. The business has a 50-day moving average price of C$169.21 and a two-hundred day moving average price of C$179.42. The firm has a market capitalization of C$11.11 billion, a PE ratio of 31.28, a PEG ratio of 1.01 and a beta of 1.80.

TFI International (TSE:TFII) last issued its earnings results on Thursday, October 29th. The company reported C$2.38 earnings per share for the quarter. The company 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%. As a group, analysts predict that TFI International Inc. will post 12.23 earnings per share for the current fiscal year.

TFI International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 15th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, September 29th. TFI International’s dividend payout ratio (DPR) is currently 43.52%.

TFI International News Roundup

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TFII. National Bank Financial dropped their price objective on shares of TFI International from C$208.00 to C$160.00 and set an “outperform” rating on the stock in a research note on Friday, July 10th. Desjardins lifted their target price on shares of TFI International from C$221.00 to C$245.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. 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 on the stock in a report on Thursday, October 15th. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target 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.