Scotiabank Boosts TFI International (TSE:TFII) Price Target to C$144.00

Key Points

• Scotiabank increased its price target for TFI International from C$140.00 to C$144.00, indicating a potential upside of 11.99% from the current stock price.
• Other analysts have varied opinions, with National Bankshares reducing their target to C$140.00 and Desjardins lowering theirs to C$164.00 while maintaining positive ratings.
• TFI International's stock experienced a price increase of C$4.48 during trading, reaching C$128.58, with a current market capitalization of C$7.67 billion.

TFI International (TSE:TFII - Free Report) had its price target lifted by Scotiabank from C$140.00 to C$144.00 in a report published on Tuesday morning,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

A number of other research analysts have also recently issued reports on the company. National Bankshares decreased their target price on TFI International from C$142.00 to C$140.00 and set an "outperform" rating for the company in a research note on Tuesday. Desjardins decreased their price objective on TFI International from C$171.00 to C$164.00 and set a "buy" rating for the company in a research report on Friday, April 25th.

TFI International Trading Down 2.6%

Shares of TFII traded down C$3.15 during trading hours on Tuesday, reaching C$117.35. The stock had a trading volume of 406,710 shares, compared to its average volume of 296,846. The company has a market cap of C$7.00 billion, a P/E ratio of 14.88, a P/E/G ratio of 1.01 and a beta of 1.37. TFI International has a 52 week low of C$102.57 and a 52 week high of C$219.48. The company has a quick ratio of 1.18, a current ratio of 0.98 and a debt-to-equity ratio of 115.17. The firm has a 50-day moving average of C$122.35 and a 200 day moving average of C$132.17.

TFI International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, June 30th. This is a boost from TFI International's previous quarterly dividend of $0.40. TFI International's dividend payout ratio (DPR) is currently 27.39%.

Insider Transactions at TFI International

In other news, Director Debra Kelly-Ennis acquired 1,600 shares of TFI International stock in a transaction dated Wednesday, July 30th. The stock was bought at an average cost of C$122.34 per share, with a total value of C$195,746.04. Also, Director John Pratt acquired 832 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The shares were purchased at an average price of C$124.19 per share, with a total value of C$103,327.40. 5.97% of the stock is currently owned by corporate insiders.

TFI International Company Profile

TFI International Inc is a transportation and logistics company domiciled in Canada. The company organises itself into four segments: package and courier, less-than-truckload, truckload, and logistics. The package and courier segment picks up, transports, and delivers items across North America. The less-than-truckload segment transports smaller loads.