TFI International (TSE:TFII) Stock Passes Below Fifty Day Moving Average – Here’s Why

TFI International Inc. (TSE:TFII)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$162.53 and traded as low as C$118.05. TFI International shares last traded at C$119.29, with a volume of 296,702 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Desjardins upgraded TFI International from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$204.00 to C$236.00 in a report on Monday, December 9th. National Bankshares lifted their price target on TFI International from C$198.00 to C$223.00 in a report on Thursday, December 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$207.43.

TFI International Price Performance

The company’s 50-day simple moving average is C$162.53 and its 200-day simple moving average is C$185.79. The company has a debt-to-equity ratio of 115.17, a current ratio of 0.98 and a quick ratio of 1.18. The stock has a market capitalization of C$7.11 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 1.01 and a beta of 1.37.

Insiders Place Their Bets

In other TFI International news, insider TFI International Inc. purchased 15,020 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of C$185.48 per share, for a total transaction of C$2,785,967.73. Also, Director Debra Kelly-Ennis purchased 300 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was acquired at an average price of C$199.76 per share, with a total value of C$59,927.77. Insiders purchased 23,428 shares of company stock worth $3,858,404 over the last three months. 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.