TFI International (TSE:TFII) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Shares of TFI International Inc. (TSE:TFII) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$155.79 and traded as low as C$138.07. TFI International shares last traded at C$138.20, with a volume of 97,730 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Scotiabank boosted their target price on TFI International from C$140.00 to C$170.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 21st. 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. Desjardins upped their price target on shares of TFI International from C$173.00 to C$183.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Finally, National Bank Financial increased their price objective on shares of TFI International from C$145.00 to C$170.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$159.00.

TFI International Stock Performance

The company has a market capitalization of C$11.35 billion, a PE ratio of 37.15, a price-to-earnings-growth ratio of 1.01 and a beta of 1.45. The business’s fifty day moving average is C$155.79 and its two-hundred day moving average is C$139.31. The company has a current ratio of 1.03, a quick ratio of 1.18 and a debt-to-equity ratio of 138.05.

TFI International (TSE:TFII) last released its quarterly earnings data on Tuesday, February 17th. The company reported C$1.50 earnings per share (EPS) for the quarter. The business had revenue of C$2.51 billion for the quarter. TFI International had a return on equity of 11.65% and a net margin of 3.92%. Equities research analysts predict that TFI International Inc. will post 12.2345048 earnings per share for the current year.

About TFI International

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.