TFI International (TSE:TFII) Price Target Cut to C$160.00 by Analysts at National Bank Financial

TFI International (TSE:TFII) had its price target lowered by equities researchers at National Bank Financial from C$208.00 to C$160.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential downside of 23.38% from the company’s previous close.

TFII has been the topic of a number of other research reports. Desjardins raised their price objective on shares of TFI International from C$183.00 to C$221.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Citigroup lifted their price target on 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, Scotiabank boosted their price objective on TFI International from C$170.00 to C$200.00 in a research note on Tuesday, April 28th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$167.60.

TFI International Stock Performance

Shares of TSE TFII traded down C$3.13 during midday trading on Friday, hitting C$208.82. 69,770 shares of the company’s stock were exchanged, compared to its average volume of 240,391. TFI International has a twelve month low of C$113.72 and a twelve month high of C$233.85. The firm has a market cap of C$17.16 billion, a P/E ratio of 58.17, a PEG ratio of 1.01 and a beta of 1.77. The stock’s 50 day moving average price is C$205.04 and its 200-day moving average price is C$173.94. The company has a debt-to-equity ratio of 119.57, a current ratio of 1.07 and a quick ratio of 1.18.

TFI International (TSE:TFII) last posted its earnings results on Monday, April 27th. The company reported C$0.96 EPS for the quarter. The firm had revenue of C$2.71 billion for the quarter. TFI International had a return on equity of 11.18% and a net margin of 3.79%. Equities research analysts anticipate that TFI International will post 12.2345048 EPS for the current year.

Insider Activity at TFI International

In other TFI International news, Director Alain Bédard sold 13,500 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of C$206.50, for a total transaction of C$2,787,750.00. Following the sale, the director owned 200,009 shares in the company, valued at approximately C$41,301,858.50. The trade was a 6.32% decrease in their position. Also, insider David Joseph Saperstein sold 4,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 31,811 shares of the company’s stock, valued at approximately C$6,958,656.25. The trade was a 11.17% decrease in their ownership of the stock. Insiders sold 70,193 shares of company stock worth $15,213,043 in the last quarter. 5.97% of the stock is owned by company insiders.

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.