TFI International (TSE:TFII) Rating Lowered to Sector Perform at Scotiabank

TFI International (TSE:TFII - Get Free Report) was downgraded by analysts at Scotiabank from an "outperform" rating to a "sector perform" rating in a research report issued on Thursday,BayStreet.CA reports. They presently have a C$140.00 target price on the stock, down from their prior target price of C$145.00. Scotiabank's price target would suggest a potential upside of 10.06% from the stock's previous close.

Several other equities research analysts have also commented on TFII. National Bankshares upgraded TFI International from a "sector perform" rating to an "outperform" rating and cut their target price for the company from C$178.00 to C$132.00 in a research report on Friday, April 4th. Desjardins cut 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.

TFI International Price Performance

Shares of TSE:TFII traded down C$0.73 during trading on Thursday, reaching C$127.20. 220,556 shares of the company traded hands, compared to its average volume of 295,141. The company's 50 day moving average is C$120.96 and its two-hundred day moving average is C$140.78. The firm has a market capitalization of C$7.58 billion, a PE ratio of 16.13, a PEG ratio of 1.01 and a beta of 1.37. 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 has a 52 week low of C$102.57 and a 52 week high of C$219.57.

Insider Activity

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

About TFI International

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.

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