TFI International (TSE:TFII) Reaches New 1-Year Low on Analyst Downgrade

TFI International Inc. (TSE:TFII) shares reached a new 52-week low during trading on Thursday after Scotiabank lowered their price target on the stock from C$193.00 to C$150.00. Scotiabank currently has an outperform rating on the stock. TFI International traded as low as C$105.25 and last traded at C$105.25, with a volume of 143561 shares trading hands. The stock had previously closed at C$115.70.

Several other equities analysts have also issued reports on TFII. National Bankshares boosted their price objective on TFI International from C$198.00 to C$223.00 in a research report on Thursday, December 5th. Desjardins raised shares of TFI International from a “hold” rating to a “buy” rating and lifted their price target for the company from C$204.00 to C$236.00 in a research note on Monday, December 9th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, TFI International presently has a consensus rating of “Buy” and a consensus target price of C$180.14.

Insider Transactions at TFI International

In related news, Director John Pratt purchased 2,000 shares of TFI International stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average cost of C$120.50 per share, with a total value of C$240,994.08. Also, insider TFI International Inc. acquired 15,020 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of C$185.48 per share, with a total value of C$2,785,967.73. Insiders bought 23,128 shares of company stock valued at $3,798,476 over the last three months. Company insiders own 5.97% of the company’s stock.

TFI International Stock Up 5.8 %

The company has a current ratio of 0.98, a quick ratio of 1.18 and a debt-to-equity ratio of 115.17. The firm’s 50 day moving average price is C$145.11 and its two-hundred day moving average price is C$179.35. The company has a market capitalization of C$6.74 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 1.01 and a beta of 1.37.

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.