TFI International (TSE:TFII) Stock Price Up 1.4% – Time to Buy?

TFI International Inc. (TSE:TFII)’s share price traded up 1.4% on Wednesday . The company traded as high as C$171.00 and last traded at C$170.53. 288,061 shares changed hands during mid-day trading, an increase of 32% from the average session volume of 219,047 shares. The stock had previously closed at C$168.16.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TFII. National Bank Financial lifted their target price on shares of TFI International from C$145.00 to C$170.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Desjardins boosted their price objective on TFI International from C$170.00 to C$173.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Scotiabank increased their target price on TFI International from C$140.00 to C$170.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 21st. Finally, Stifel Nicolaus lifted their price target on TFI International from C$100.00 to C$113.00 in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, TFI International presently has a consensus rating of “Moderate Buy” and an average target price of C$156.50.

TFI International Stock Performance

The stock has a market capitalization of C$14.03 billion, a P/E ratio of 43.84, a P/E/G ratio of 1.01 and a beta of 1.21. The company has a quick ratio of 1.18, a current ratio of 0.98 and a debt-to-equity ratio of 115.17. The stock has a 50 day simple moving average of C$149.77 and a two-hundred day simple moving average of C$134.01.

TFI International (TSE:TFII) last released its earnings results on Thursday, October 30th. The company reported C$1.20 earnings per share for the quarter. TFI International had a net margin of 5.67% and a return on equity of 16.31%. The business had revenue of C$2.74 billion during the quarter. On average, equities analysts forecast that TFI International Inc. will post 12.2345048 EPS for the current fiscal year.

Insider Activity at TFI International

In other news, insider David Joseph Saperstein sold 1,000 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of C$119.86, for a total transaction of C$119,860.00. 5.97% of the stock is currently owned by company insiders.

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.