TFI International (TSE:TFII) Reaches New 12-Month Low on Analyst Downgrade

TFI International Inc. (TSE:TFII) hit a new 52-week low during trading on Thursday after Scotiabank lowered their price target on the stock from C$193.00 to C$150.00. Scotiabank currently has an outperform rating on the stock. TFI International traded as low as C$105.25 and last traded at C$105.25, with a volume of 143561 shares traded. The stock had previously closed at C$115.70.

Several other equities analysts have also weighed in on TFII. National Bankshares lifted their price target on TFI International from C$198.00 to C$223.00 in a research note on Thursday, December 5th. Desjardins raised TFI International from a “hold” rating to a “buy” rating and raised their price objective for the company from C$204.00 to C$236.00 in a report on Monday, December 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$193.14.

Insider Activity at TFI International

In other news, insider TFI International Inc. acquired 15,020 shares of TFI International stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of C$185.48 per share, with a total value of C$2,785,967.73. Also, Director John Pratt acquired 2,000 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was purchased at an average price of C$120.50 per share, for a total transaction of C$240,994.08. In the last three months, insiders have purchased 23,128 shares of company stock valued at $3,798,476. 5.97% of the stock is owned by corporate insiders.

TFI International Stock Performance

The company has a market cap of C$6.22 billion, a PE ratio of 13.23, a PEG ratio of 1.01 and a beta of 1.37. The company has a debt-to-equity ratio of 115.17, a quick ratio of 1.18 and a current ratio of 0.98. The firm’s 50 day moving average is C$148.49 and its 200-day moving average is C$180.45.

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.