TFI International (TSE:TFII) Trading 7.6% Higher on Analyst Upgrade

TFI International Inc. (TSE:TFII)’s share price shot up 7.6% during mid-day trading on Thursday after Scotiabank upgraded the stock from a sector perform rating to a sector outperform rating. Scotiabank now has a C$260.00 price target on the stock, up from their previous price target of C$200.00. TFI International traded as high as C$221.48 and last traded at C$221.08. Approximately 183,623 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 239,819 shares. The stock had previously closed at C$205.50.

A number of other equities research analysts have also weighed in on the stock. Citigroup raised 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 report on Tuesday, April 7th. Desjardins boosted 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. Finally, National Bank Financial dropped their target price on 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. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$179.60.

Insider Activity

In related news, insider David Joseph Saperstein sold 4,000 shares of the business’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 completion of the sale, the insider owned 31,811 shares in the company, valued at C$6,958,656.25. The trade was a 11.17% decrease in their ownership of the stock. Also, Director Alain Bédard sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were 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 trade represents a 3.33% decrease in their ownership of the stock. Insiders have sold a total of 70,193 shares of company stock worth $15,213,043 in the last three months. Corporate insiders own 5.97% of the company’s stock.

TFI International Stock Performance

The company has a current ratio of 1.07, a quick ratio of 1.18 and a debt-to-equity ratio of 119.57. The firm’s fifty day moving average price is C$207.69 and its 200-day moving average price is C$176.55. 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 announced its quarterly earnings results on Monday, April 27th. The company reported C$0.96 EPS for the quarter. TFI International had a net margin of 3.79% and a return on equity of 11.18%. The firm had revenue of C$2.71 billion for the quarter. Analysts expect that TFI International Inc. will post 12.2345048 earnings per share for the current year.

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.