TFI International (TSE:TFII) Stock Price Up 3.7% - What's Next?

Key Points

• TFI International Inc. (TSE:TFII) experienced a 3.7% increase in its stock price, trading as high as C$125.78 before closing at C$125.62.
• Recent analyst reports show a moderate buy rating for TFI International, with an average price target adjusted to C$150.50.
• Directors of the company have been actively buying shares, with insiders acquiring a total of 3,573 shares valued at $437,070 over the last three months.

TFI International Inc. (TSE:TFII - Get Free Report)'s share price rose 3.7% during trading on Tuesday . The company traded as high as C$125.78 and last traded at C$125.62. Approximately 287,886 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 283,684 shares. The stock had previously closed at C$121.18.

Analyst Upgrades and Downgrades

TFII has been the subject of several research analyst reports. National Bankshares reduced their price objective on TFI International from C$142.00 to C$140.00 and set an "outperform" rating for the company in a report on Tuesday, July 29th. Scotiabank dropped their target price on TFI International from C$144.00 to C$140.00 in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$150.50.

TFI International Price Performance

The company has a debt-to-equity ratio of 115.17, a current ratio of 0.98 and a quick ratio of 1.18. The firm has a market capitalization of C$10.58 billion, a PE ratio of 28.94, a PEG ratio of 1.01 and a beta of 1.35. The firm has a 50-day simple moving average of C$127.30 and a 200-day simple moving average of C$121.65.

Insider Buying and Selling

In other news, Director John Pratt acquired 832 shares of TFI International stock in a transaction on Wednesday, July 30th. The shares were acquired at an average price of C$124.19 per share, with a total value of C$103,327.40. Also, Director Leslie Abi-Karam acquired 1,141 shares of TFI International stock in a transaction on Friday, August 1st. The stock was purchased at an average cost of C$120.94 per share, for a total transaction of C$137,996.19. In the last three months, insiders have acquired 3,573 shares of company stock valued at $437,070. Corporate insiders own 5.97% of the company's stock.

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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