TFI International (TSE:TFII) Stock Gets Price Target Trim from Scotiabank

Key Points

• Scotiabank lowered TFI International’s price target to C$235 from C$263 while maintaining a “sector outperform” rating, implying roughly 46% upside from the reported C$160.90 share price.
• Analyst sentiment remains positive overall: TFI has a consensus “Buy” rating, though the consensus price target is lower at C$179.40. Other recent target changes ranged from C$160 to C$245.
• TFI reported quarterly EPS of C$2.63 on C$3.25 billion in revenue, while recent insider activity included a director buying approximately C$720,000 of shares and another director selling about C$220,000.

TFI International (TSE:TFII - Get Free Report) had its target price lowered by equities researchers at Scotiabank from C$263.00 to C$235.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The brokerage presently has a "sector outperform" rating on the stock. Scotiabank's price target would suggest a potential upside of 46.05% from the stock's current price.

Several other equities research analysts also recently weighed in on TFII. National Bank Financial lowered their target price on shares of TFI International from C$208.00 to C$160.00 and set an "outperform" rating for the company in a research note on Friday, July 10th. Desjardins upped their price target on TFI International from C$221.00 to C$245.00 and gave the stock a "buy" rating in a research report on Tuesday, July 28th. Four 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 price target of C$179.40.

TFI International Stock Up 0.5%

TSE:TFII traded up C$0.81 during mid-day trading on Thursday, reaching C$160.90. The company's stock had a trading volume of 107,985 shares, compared to its average volume of 249,675. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 111.46. TFI International has a 1 year low of C$113.72 and a 1 year high of C$233.85. The stock has a fifty day moving average of C$181.23 and a 200-day moving average of C$191.22. The firm has a market capitalization of C$13.22 billion, a PE ratio of 39.53, a price-to-earnings-growth ratio of 1.01 and a beta of 1.96.

TFI International (TSE:TFII - Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The company reported C$2.63 EPS for the quarter. The business had revenue of C$3.25 billion during the quarter. TFI International had a net margin of 4.11% and a return on equity of 12.39%. Equities research analysts forecast that TFI International will post 12.23 earnings per share for the current year.

Insider Transactions at TFI International

In related news, Director Rosemary Turner acquired 3,643 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were purchased at an average price of C$197.58 per share, for a total transaction of C$719,783.94. Following the completion of the acquisition, the director directly owned 3,945 shares in the company, valued at C$779,453.10. The trade was a 1,206.29% increase in their position. Also, Director Keith Hall sold 1,069 shares of TFI International stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of C$205.95, for a total transaction of C$220,160.55. 5.97% of the stock is currently owned by insiders.

About TFI International

TFI International Inc is a North American leader in the transportation and logistics industry, operating across the United States,Canada and Mexico through its subsidiaries. TFI International creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned operating subsidiaries. Under the TFI International umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency. TFI International companies service the following segments: Less-Than-Truckload; Truckload; Logistics.

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