TFI International (TSE:TFII) Downgraded to Sector Perform Rating by Scotiabank

Scotiabank lowered shares of TFI International (TSE:TFII - Free Report) from an outperform rating to a sector perform rating in a report issued on Thursday,BayStreet.CA reports. The firm currently has C$140.00 price target on the stock, down from their previous price target of C$145.00.

Several other equities analysts also recently weighed in on the company. Desjardins decreased their target price on TFI International from C$171.00 to C$164.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. National Bankshares upgraded TFI International from a "sector perform" rating to an "outperform" rating and reduced their price objective for the stock from C$178.00 to C$132.00 in a research report on Friday, April 4th.

TFI International Price Performance

Shares of TSE TFII traded down C$3.17 during midday trading on Thursday, hitting C$123.12. The stock had a trading volume of 290,756 shares, compared to its average volume of 296,175. The company has a market capitalization of C$7.34 billion, a PE ratio of 15.61, a P/E/G ratio of 1.01 and a beta of 1.37. The stock has a 50 day simple moving average of C$121.78 and a 200-day simple moving average of C$138.74. TFI International has a 1 year low of C$102.57 and a 1 year high of C$219.57. The company has a quick ratio of 1.18, a current ratio of 0.98 and a debt-to-equity ratio of 115.17.

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be paid a dividend of $0.45 per share. This is a boost from TFI International's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.80 annualized dividend and a yield of 1.46%. TFI International's dividend payout ratio (DPR) is 27.39%.

Insider Buying and Selling at TFI International

In other TFI International news, Director Debra Kelly-Ennis bought 2,000 shares of the business's stock in a transaction on Tuesday, April 29th. The stock was bought at an average price of C$110.43 per share, with a total value of C$220,855.20. Also, Director Leslie Abi-Karam bought 1,230 shares of the business's stock in a transaction on Friday, April 25th. The shares were acquired at an average cost of C$112.99 per share, with a total value of C$138,981.51. 5.97% of the stock is owned by company 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.