TFI International (TSE:TFII) Raised to “Buy” at Desjardins

TFI International (TSE:TFII) was upgraded by Desjardins from a “hold” rating to a “buy” rating in a research report issued on Monday,BayStreet.CA reports. The firm presently has a C$236.00 price target on the stock, up from their prior price target of C$204.00. Desjardins’ target price would suggest a potential upside of 8.23% from the company’s current price.

A number of other equities analysts have also weighed in on the company. Stifel Nicolaus dropped their price objective on TFI International from C$162.00 to C$158.00 in a research note on Monday, October 21st. National Bankshares upped their price target on TFI International from C$198.00 to C$223.00 in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$197.75.

TFI International Price Performance

TSE TFII opened at C$218.06 on Monday. The company has a debt-to-equity ratio of 123.42, a quick ratio of 1.18 and a current ratio of 0.94. The business’s fifty day moving average is C$196.63 and its 200 day moving average is C$196.64. The company has a market capitalization of C$18.45 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 1.01 and a beta of 1.37. TFI International has a fifty-two week low of C$151.78 and a fifty-two week high of C$220.93.

Insider Buying and Selling

In related news, Director Alain Bédard sold 25,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$197.85, for a total value of C$4,946,250.00. Also, Director John Pratt bought 650 shares of the stock in a transaction on Monday, October 28th. The stock was purchased at an average price of C$185.92 per share, with a total value of C$120,850.12. In the last three months, insiders sold 69,000 shares of company stock valued at $13,994,793. Insiders own 5.97% of the company’s stock.

About TFI International

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.