TFI International (TSE:TFII) Share Price Crosses Below 50-Day Moving Average – What’s Next?

TFI International Inc. (TSE:TFII) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$203.66 and traded as low as C$193.21. TFI International shares last traded at C$194.23, with a volume of 87,918 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TFII. National Bankshares lifted their price objective on TFI International from C$198.00 to C$223.00 in a research report on Thursday, December 5th. Stifel Nicolaus lowered their price target on TFI International from C$162.00 to C$158.00 in a research note on Monday, October 21st. Finally, Desjardins upgraded shares of TFI International from a “hold” rating to a “buy” rating and increased their price target for the stock from C$204.00 to C$236.00 in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, TFI International presently has a consensus rating of “Moderate Buy” and an average price target of C$207.43.

TFI International Trading Down 0.4 %

The company’s 50 day moving average is C$203.66 and its two-hundred day moving average is C$199.45. The company has a debt-to-equity ratio of 123.42, a current ratio of 0.94 and a quick ratio of 1.18. The firm has a market cap of C$16.43 billion, a P/E ratio of 24.81, a PEG ratio of 1.01 and a beta of 1.37.

Insiders Place Their Bets

In other TFI International news, Senior Officer David Joseph Saperstein sold 2,000 shares of TFI International stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of C$202.00, for a total transaction of C$404,000.00. Also, Director John Pratt bought 650 shares of TFI International stock in a transaction dated Monday, October 28th. The stock was purchased at an average price of C$185.92 per share, for a total transaction of C$120,850.12. Insiders have sold 60,000 shares of company stock worth $12,526,868 over the last 90 days. Corporate insiders own 5.97% of the company’s stock.

About TFI International

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States and Canada. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items in North America.