TFI International (TSE:TFII) Stock Rating Lowered by Scotiabank

TFI International (TSE:TFII) was downgraded by analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a report released on Thursday,BayStreet.CA reports. They presently have a C$140.00 price objective on the stock, down from their prior price objective of C$145.00. Scotiabank’s price target suggests a potential upside of 13.71% from the stock’s previous close.

Several other brokerages have also recently issued reports on TFII. National Bankshares raised shares of TFI International from a “sector perform” rating to an “outperform” rating and reduced their target price for the stock from C$178.00 to C$132.00 in a report on Friday, April 4th. Desjardins dropped their target price on shares of TFI International from C$171.00 to C$164.00 and set a “buy” rating on the stock in a research report on Friday, April 25th.

TFI International Trading Down 2.5%

TSE:TFII opened at C$123.12 on Thursday. TFI International has a 52 week low of C$102.57 and a 52 week high of C$219.57. The firm has a 50 day moving average of C$121.78 and a 200 day moving average of C$139.63. The company has a quick ratio of 1.18, a current ratio of 0.98 and a debt-to-equity ratio of 115.17. The stock has a market capitalization of C$7.34 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 1.01 and a beta of 1.37.

Insider Activity at TFI International

In other TFI International news, Director Debra Kelly-Ennis bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The shares were purchased at an average cost of C$110.43 per share, with a total value of C$220,855.20. Also, Director Leslie Abi-Karam purchased 1,230 shares of the stock in a transaction on Friday, April 25th. The shares were purchased at an average price of C$112.99 per share, with a total value of C$138,981.51. 5.97% of the stock is owned by corporate insiders.

About TFI International

TFI International Inc is a transportation and logistics company domiciled in Canada. The company organises itself into four segments: package and courier, less-than-truckload, truckload, and logistics. The package and courier segment picks up, transports, and delivers items across North America. The less-than-truckload segment transports smaller loads.