TFI International (TSE:TFII) Releases Earnings Results

TFI International (TSE:TFII) issued its quarterly earnings results on Monday. The company reported C$2.63 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$3.25 billion during the quarter. TFI International had a return on equity of 11.18% and a net margin of 3.79%.

TFI International Stock Performance

Shares of TSE:TFII traded down C$6.61 during midday trading on Monday, reaching C$205.82. 343,343 shares of the company’s stock traded hands, compared to its average volume of 239,320. The company has a debt-to-equity ratio of 119.57, a quick ratio of 1.18 and a current ratio of 1.07. TFI International has a one year low of C$113.72 and a one year high of C$233.85. The company has a market cap of C$16.92 billion, a price-to-earnings ratio of 57.33, a P/E/G ratio of 1.01 and a beta of 1.77. The stock has a 50 day moving average of C$210.19 and a 200 day moving average of C$179.21.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TFII. Scotiabank upgraded shares of TFI International from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from C$200.00 to C$260.00 in a research note on Thursday, July 16th. Citigroup raised their price objective on shares of 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. National Bank Financial decreased their target price on shares of TFI International from C$208.00 to C$160.00 and set an “outperform” rating for the company in a report on Friday, July 10th. Finally, Desjardins upped their target price on shares of TFI International from C$183.00 to C$221.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, TFI International has an average rating of “Buy” and an average price target of C$179.60.

Insider Activity

In other TFI International news, insider David Joseph Saperstein sold 4,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$218.75, for a total transaction of C$875,000.00. Following the transaction, the insider owned 31,811 shares in the company, valued at approximately C$6,958,656.25. This represents a 11.17% decrease in their position. Also, Director Alain Bédard sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of C$231.93, for a total transaction of C$1,159,650.00. Following the sale, the director directly owned 145,000 shares in the company, valued at approximately C$33,629,850. The trade was a 3.33% decrease in their position. Insiders sold a total of 70,193 shares of company stock valued at $15,213,043 over the last quarter. 5.97% of the stock is owned by corporate insiders.

About TFI International

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.