TFI International (TSE:TFII) Shares Down 1.1% - What's Next?

TFI International Inc. (TSE:TFII - Get Free Report)'s stock price was down 1.1% during mid-day trading on Monday . The company traded as low as C$121.44 and last traded at C$122.24. Approximately 222,151 shares were traded during trading, a decline of 26% from the average daily volume of 301,443 shares. The stock had previously closed at C$123.62.

Analyst Upgrades and Downgrades

TFII has been the subject of several research analyst reports. National Bankshares upgraded TFI International from a "sector perform" rating to an "outperform" rating and dropped their price objective for the stock from C$178.00 to C$132.00 in a report on Friday, April 4th. Desjardins decreased their target price on TFI International from C$171.00 to C$164.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Scotiabank dropped their price target on TFI International from C$193.00 to C$150.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd.

TFI International Price Performance

The company has a market cap of C$7.29 billion, a PE ratio of 15.50, a PEG ratio of 1.01 and a beta of 1.37. The firm's 50-day moving average is C$119.20 and its 200-day moving average is C$143.78. 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.45 per share. This is an increase 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 dividend on an annualized basis and a dividend yield of 1.47%. TFI International's dividend payout ratio is 27.39%.

Insider Activity at TFI International

In other news, Director Debra Kelly-Ennis purchased 2,000 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were bought at an average cost of C$110.43 per share, for a total transaction of C$220,855.20. Also, Director Leslie Abi-Karam purchased 1,230 shares of TFI International stock in a transaction that occurred on Friday, April 25th. The stock was 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 corporate insiders.

About TFI International

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.

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