TFI International (TSE:TFII) Director Buys C$2,640,000.00 in Stock

TFI International Inc. (TSE:TFII) Director Alain Bédard purchased 20,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was acquired at an average price of C$132.00 per share, for a total transaction of C$2,640,000.00. Following the completion of the transaction, the director directly owned 4,550,839 shares of the company’s stock, valued at approximately C$600,710,748. The trade was a 0.44% increase in their ownership of the stock.

TFI International Trading Up 3.6%

Shares of TFI International stock opened at C$140.06 on Thursday. The company has a debt-to-equity ratio of 106.02, a current ratio of 1.11 and a quick ratio of 1.18. TFI International Inc. has a 1 year low of C$113.72 and a 1 year high of C$233.85. The company has a market capitalization of C$11.51 billion, a P/E ratio of 32.42, a P/E/G ratio of 1.01 and a beta of 1.80. The business has a 50 day moving average price of C$168.30 and a 200 day moving average price of C$179.34.

TFI International (TSE:TFII) last posted its earnings results on Thursday, October 29th. The company reported C$2.38 earnings per share (EPS) for the quarter. The firm had revenue of C$3.18 billion for the quarter. TFI International had a return on equity of 12.95% and a net margin of 4.22%. Sell-side analysts anticipate that TFI International Inc. will post 12.23 EPS for the current fiscal year.

TFI International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 29th. TFI International’s payout ratio is 43.52%.

Analysts Set New Price Targets

TFII has been the topic of a number of analyst reports. Desjardins increased their price objective on TFI International from C$221.00 to C$245.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Scotiabank cut their target price on shares of TFI International from C$263.00 to C$235.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 15th. Finally, National Bank Financial reduced their target price on shares of TFI International from C$208.00 to C$160.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. Four analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$179.40.

Trending Headlines about TFI International

Here are the key news stories impacting TFI International this week:

• Positive Sentiment: Multiple directors increased their holdings, with purchases ranging from about C$181,000 to C$2.64 million. The broad-based insider buying could bolster investor confidence. Insider buying report
• Negative Sentiment: Recent analyst price-target reductions and reports of difficulty improving the UPS freight business TFI acquired remain potential headwinds, raising concerns about operating performance and expectations. TD Cowen target update Report on the UPS freight business

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.