Scotiabank Forecasts Strong Price Appreciation for TFI International (TSE:TFII) Stock

TFI International (TSE:TFII) had its target price upped by Scotiabank from C$140.00 to C$144.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 18.51% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Desjardins cut their price target on shares of TFI International from C$171.00 to C$164.00 and set a “buy” rating on the stock in a report on Friday, April 25th. National Bankshares dropped their price target on shares of TFI International from C$142.00 to C$140.00 and set an “outperform” rating on the stock in a research note on Tuesday.

TFI International Stock Down 5.8%

Shares of TSE TFII opened at C$121.51 on Tuesday. TFI International has a one year low of C$102.57 and a one year 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 firm’s 50 day simple moving average is C$122.37 and its two-hundred day simple moving average is C$133.20. 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 at TFI International

In other news, Director John Pratt acquired 832 shares of the company’s stock in a transaction on Wednesday, July 30th. The stock was bought at an average cost of C$124.19 per share, with a total value of C$103,327.40. Also, Director Debra Kelly-Ennis acquired 1,600 shares of the company’s stock in a transaction on Wednesday, July 30th. The shares were purchased at an average cost of C$122.34 per share, with a total value of C$195,746.04. 5.97% of the stock is owned by insiders.

TFI International Company Profile

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.