National Bankshares Issues Pessimistic Forecast for TFI International (TSE:TFII) Stock Price

TFI International (TSE:TFII) had its price target reduced by stock analysts at National Bankshares from C$142.00 to C$140.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 15.22% from the company’s previous close.

A number of other research firms have also recently commented on TFII. Scotiabank cut shares of TFI International from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$145.00 to C$140.00 in a research report on Thursday, July 10th. Desjardins decreased 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 5.8%

TSE TFII opened at C$121.51 on Tuesday. The firm’s 50-day moving average is C$122.37 and its two-hundred day moving average is C$133.20. TFI International has a 12 month low of C$102.57 and a 12 month high of C$219.48. The company has a debt-to-equity ratio of 115.17, a current ratio of 0.98 and a quick ratio of 1.18. The stock has a market capitalization of C$7.24 billion, a P/E ratio of 15.41, a PEG ratio of 1.01 and a beta of 1.37.

Insider Buying and Selling

In other news, Director Debra Kelly-Ennis bought 1,600 shares of TFI International stock in a transaction that occurred on Wednesday, July 30th. The shares were purchased at an average price of C$122.34 per share, with a total value of C$195,746.04. Also, Director John Pratt bought 832 shares of TFI International stock in a transaction that occurred on Wednesday, July 30th. The stock was purchased at an average cost of C$124.19 per share, for a total transaction of C$103,327.40. 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.