TFI International (TSE:TFII) Cut to “Hold” at Desjardins

TFI International (TSE:TFII) was downgraded by stock analysts at Desjardins from a “buy” rating to a “hold” rating in a report released on Wednesday, BayStreet.CA reports. They presently have a C$219.00 price objective on the stock, up from their previous price objective of C$207.00. Desjardins’ price objective indicates a potential upside of 3.74% from the company’s current price.

Several other research analysts also recently weighed in on the company. National Bankshares raised TFI International from a “sector perform” rating to an “outperform” rating and reduced their target price for the stock from C$222.00 to C$217.00 in a research note on Monday, April 29th. Scotiabank reduced their price target on shares of TFI International from C$235.00 to C$230.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Royal Bank of Canada raised their price target on shares of TFI International from C$155.00 to C$173.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Finally, CIBC cut their price objective on TFI International from C$175.00 to C$172.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, TFI International presently has an average rating of “Moderate Buy” and a consensus price target of C$186.38.

TFI International Stock Performance

TSE:TFII traded down C$5.58 during mid-day trading on Wednesday, hitting C$211.10. The company’s stock had a trading volume of 204,782 shares, compared to its average volume of 200,912. The business’s fifty day moving average is C$190.82 and its two-hundred day moving average is C$193.78. The stock has a market cap of C$17.85 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 1.01 and a beta of 1.44. The company has a debt-to-equity ratio of 113.80, a current ratio of 1.66 and a quick ratio of 1.18. TFI International has a 1 year low of C$144.42 and a 1 year high of C$220.93.

Insiders Place Their Bets

In other news, Director Sébastien Martel acquired 2,110 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average cost of C$189.23 per share, for a total transaction of C$399,279.52. In other TFI International news, Director Sébastien Martel bought 2,110 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was bought at an average price of C$189.23 per share, with a total value of C$399,279.52. Also, Director Alain Bédard sold 15,995 shares of TFI International stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of C$193.46, for a total value of C$3,094,381.50. 5.91% of the stock is currently owned by corporate insiders.

TFI International Company Profile

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.