TFI International (TSE:TFII) Share Price Passes Below 50-Day Moving Average – Here’s Why

TFI International Inc. (TSE:TFII) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$155.79 and traded as low as C$138.07. TFI International shares last traded at C$138.20, with a volume of 97,730 shares changing hands.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TFII. Stifel Nicolaus lifted their price objective on TFI International from C$100.00 to C$113.00 in a research report on Wednesday, January 21st. Desjardins upped their target price on TFI International from C$173.00 to C$183.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Scotiabank raised their price target on TFI International from C$140.00 to C$170.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 21st. Finally, National Bank Financial lifted their price target on shares of TFI International from C$145.00 to C$170.00 and gave the company an “outperform” rating in a report on Friday, January 9th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$159.00.

TFI International Stock Down 0.7%

The company’s fifty day simple moving average is C$155.79 and its 200 day simple moving average is C$139.31. The company has a quick ratio of 1.18, a current ratio of 1.03 and a debt-to-equity ratio of 138.05. The firm has a market capitalization of C$11.35 billion, a PE ratio of 37.15, a price-to-earnings-growth ratio of 1.01 and a beta of 1.45.

TFI International (TSE:TFII) last posted its earnings results on Tuesday, February 17th. The company reported C$1.50 earnings per share for the quarter. The firm had revenue of C$2.51 billion for the quarter. TFI International had a return on equity of 11.65% and a net margin of 3.92%. Analysts anticipate that TFI International Inc. will post 12.2345048 earnings per share for the current fiscal year.

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. The truckload segment transports goods by flatbed trucks, containers, or a more specialised service. The company provides general logistics services through the logistics segment.