TFI International (TSE:TFII) Upgraded at Scotiabank

Scotiabank upgraded shares of TFI International (TSE:TFII) from a sector perform rating to a sector outperform rating in a report issued on Thursday, Marketbeat Ratings reports. They currently have C$260.00 price objective on the stock, up from their prior price objective of C$200.00.

Other equities analysts have also recently issued reports about the company. Citigroup lifted their price target on TFI International from C$143.00 to C$144.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. National Bank Financial cut their target price on shares of TFI International from C$208.00 to C$160.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. Finally, Desjardins lifted their target price on shares of TFI International from C$183.00 to C$221.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, TFI International presently has a consensus rating of “Buy” and an average price target of C$179.60.

TFI International Stock Performance

TSE TFII opened at C$218.58 on Thursday. The company has a 50-day simple moving average of C$207.69 and a two-hundred day simple moving average of C$176.55. The company has a quick ratio of 1.18, a current ratio of 1.07 and a debt-to-equity ratio of 119.57. TFI International has a 12-month low of C$113.72 and a 12-month high of C$233.85. The firm has a market cap of C$17.96 billion, a price-to-earnings ratio of 60.89, a PEG ratio of 1.01 and a beta of 1.77.

TFI International (TSE:TFII) last released its earnings results on Monday, April 27th. The company reported C$0.96 earnings per share for the quarter. The company had revenue of C$2.71 billion during the quarter. TFI International had a return on equity of 11.18% and a net margin of 3.79%. On average, equities analysts forecast that TFI International will post 12.2345048 EPS for the current year.

Insider Activity at TFI International

In other TFI International news, Director Alain Bédard sold 13,500 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of C$206.50, for a total transaction of C$2,787,750.00. Following the completion of the transaction, the director owned 200,009 shares of the company’s stock, valued at C$41,301,858.50. This represents a 6.32% decrease in their position. Also, insider David Joseph Saperstein sold 4,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of C$218.75, for a total value of C$875,000.00. Following the completion of the sale, the insider owned 31,811 shares of the company’s stock, valued at approximately C$6,958,656.25. This trade represents a 11.17% decrease in their position. Insiders have sold a total of 70,193 shares of company stock worth $15,213,043 in the last 90 days. Company insiders own 5.97% of the company’s stock.

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.