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

TFI International (TSE:TFII) was upgraded by equities research analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a report released on Thursday, Marketbeat reports. The brokerage currently has a C$260.00 target price on the stock, up from their prior target price of C$200.00. Scotiabank’s price target points to a potential upside of 18.95% from the stock’s current price.

A number of other analysts have also commented on TFII. Desjardins lifted their price target on shares of TFI International from C$183.00 to C$221.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Citigroup boosted their price objective on shares of TFI International from C$143.00 to C$144.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Finally, National Bank Financial decreased their price objective on shares of TFI International from C$208.00 to C$160.00 and set an “outperform” rating for the company in a report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, TFI International has a consensus rating of “Buy” and an average target price of C$179.60.

TFI International Trading Down 0.8%

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

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

Insider Activity at TFI International

In other TFI International news, insider David Joseph Saperstein sold 4,000 shares of the company’s 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 transaction of C$875,000.00. Following the transaction, the insider owned 31,811 shares in the company, valued at approximately C$6,958,656.25. This represents a 11.17% decrease in their position. Also, Director Alain Bédard sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of C$231.93, for a total value of C$1,159,650.00. Following the completion of the transaction, the director directly owned 145,000 shares of the company’s stock, valued at C$33,629,850. This represents a 3.33% decrease in their position. Over the last ninety days, insiders have sold 70,193 shares of company stock worth $15,213,043. 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.