Scotiabank Has Lowered Expectations for TFI International (TSE:TFII) Stock Price

TFI International (TSE:TFII) had its target price reduced by research analysts at Scotiabank from C$193.00 to C$150.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 31.42% from the stock’s current price.

TFII has been the subject of several other research reports. 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 upgraded TFI International from a “hold” rating to a “buy” rating and upped their price target for the stock from C$204.00 to C$236.00 in a report on Monday, December 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, TFI International has a consensus rating of “Moderate Buy” and a consensus target price of C$193.14.

TFI International Stock Up 3.2 %

Shares of TSE TFII traded up C$3.56 during mid-day trading on Wednesday, reaching C$114.14. 141,867 shares of the company traded hands, compared to its average volume of 262,646. The company’s fifty day moving average is C$150.05 and its two-hundred day moving average is C$180.97. The company has a debt-to-equity ratio of 115.17, a quick ratio of 1.18 and a current ratio of 0.98. TFI International has a fifty-two week low of C$106.64 and a fifty-two week high of C$220.93. The stock has a market cap of C$6.81 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 1.01 and a beta of 1.37.

Insider Activity

In other news, insider TFI International Inc. bought 15,020 shares of TFI International stock in a transaction dated Friday, February 7th. The shares were bought at an average price of C$185.48 per share, for a total transaction of C$2,785,967.73. Also, Director John Pratt bought 2,000 shares of the stock in a transaction dated Friday, March 7th. The stock was purchased at an average cost of C$120.50 per share, for a total transaction of C$240,994.08. In the last three months, insiders have acquired 23,128 shares of company stock worth $3,798,476. Corporate insiders own 5.97% of the company’s stock.

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.