TFI International (TSE:TFII) Upgraded by Scotiabank to Sector Outperform Rating

TFI International (TSE:TFII) was upgraded by equities researchers at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a C$260.00 target price on the stock, up from their previous target price of C$200.00. Scotiabank’s target price indicates a potential upside of 18.30% from the stock’s current price.

Other analysts also recently issued reports about the company. National Bank Financial reduced their target price on TFI International from C$208.00 to C$160.00 and set an “outperform” rating for the company in a research note on Friday, July 10th. Desjardins increased their price target on TFI International from C$183.00 to C$221.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, Citigroup raised their price objective on TFI International from C$143.00 to C$144.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, TFI International currently has a consensus rating of “Buy” and an average target price of C$179.60.

TFI International Trading Up 6.9%

Shares of TSE:TFII traded up C$14.28 during mid-day trading on Thursday, hitting C$219.78. The company had a trading volume of 211,641 shares, compared to its average volume of 240,034. The company has a market capitalization of C$18.06 billion, a PE ratio of 61.22, a price-to-earnings-growth ratio of 1.01 and a beta of 1.77. TFI International has a one year low of C$113.72 and a one year high of C$233.85. The firm has a fifty day moving average price of C$206.49 and a 200 day moving average price of C$175.73. 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 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 business had revenue of C$2.71 billion during the quarter. As a group, research analysts forecast that TFI International will post 12.2345048 EPS for the current year.

Insider Buying and Selling at TFI International

In other TFI International news, Director Diane Giard bought 2,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of C$183.86 per share, with a total value of C$367,720.00. Following the completion of the transaction, the director directly owned 13,593 shares in the company, valued at approximately C$2,499,208.98. The trade was a 17.25% increase in their position. Also, Director Alain Bédard sold 13,500 shares of the company’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 completion of the sale, the director owned 200,009 shares in the company, valued at C$41,301,858.50. This represents a 6.32% decrease in their position. Over the last three months, insiders have sold 70,193 shares of company stock valued at $15,213,043. Corporate 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.