Insider Buying: TFI International (TSE:TFII) Director Purchases C$286,616.00 in Stock

TFI International Inc. (TSE:TFII) Director Steven Mayer purchased 2,200 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was acquired at an average cost of C$130.28 per share, for a total transaction of C$286,616.00. Following the completion of the purchase, the director owned 2,200 shares of the company’s stock, valued at approximately C$286,616. This represents a ∞ increase in their position.

TFI International Trading Down 3.1%

Shares of TFI International stock opened at C$135.67 on Friday. TFI International Inc. has a 1-year low of C$113.72 and a 1-year high of C$233.85. The stock has a market cap of C$11.15 billion, a P/E ratio of 31.41, a P/E/G ratio of 1.01 and a beta of 1.80. The company has a debt-to-equity ratio of 106.02, a current ratio of 1.11 and a quick ratio of 1.18. The stock’s 50 day simple moving average is C$167.27 and its 200-day simple moving average is C$179.24.

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

TFI International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 15th were issued a $0.47 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $1.88 dividend on an annualized basis and a yield of 1.4%. TFI International’s dividend payout ratio is currently 43.52%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TFII. National Bank Financial decreased their price objective 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. Scotiabank cut their target price on TFI International from C$263.00 to C$235.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 15th. Finally, Desjardins upped their target price on shares of TFI International from C$221.00 to C$245.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Four analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$179.40.

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.