TFI International (TSE:TFII) Stock Price Up 5.2% - Here's Why

Key Points

• TFI International's stock price increased by 5.2%, reaching C$122.33 during mid-day trading, after previously closing at C$116.32.
• Analysts have varied opinions on TFI International, with Desjardins and National Bankshares lowering their price targets, while Scotiabank raised theirs, indicating mixed market sentiment.
• TFI International recently increased its quarterly dividend to $0.45, representing a yield of 1.5%, up from the previous $0.40.

TFI International Inc. (TSE:TFII - Get Free Report) rose 5.2% during mid-day trading on Tuesday . The stock traded as high as C$122.53 and last traded at C$122.33. Approximately 279,905 shares traded hands during trading, a decline of 5% from the average daily volume of 294,136 shares. The stock had previously closed at C$116.32.

Wall Street Analysts Forecast Growth

TFII has been the topic of several analyst reports. Desjardins reduced their price target on shares of 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 reduced their price target on shares of TFI International from C$142.00 to C$140.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 29th. Finally, Scotiabank increased their price target on shares of TFI International from C$140.00 to C$144.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 29th.

TFI International Stock Performance

The company has a current ratio of 0.98, a quick ratio of 1.18 and a debt-to-equity ratio of 115.17. The firm has a market capitalization of C$7.29 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 1.01 and a beta of 1.37. The stock's 50-day moving average is C$122.50 and its 200-day moving average is C$128.12.

TFI International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were given a $0.45 dividend. This is an increase from TFI International's previous quarterly dividend of $0.40. The ex-dividend date was Monday, June 30th. This represents a $1.80 annualized dividend and a yield of 1.5%. TFI International's dividend payout ratio is currently 27.39%.

Insider Buying and Selling at TFI International

In other TFI International news, Director Leslie Abi-Karam purchased 1,141 shares of the firm's 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. Also, Director Debra Kelly-Ennis purchased 1,600 shares of the firm's stock in a transaction on Wednesday, July 30th. The stock was acquired at an average price of C$122.34 per share, with a total value of C$195,746.04. In the last ninety days, insiders acquired 3,573 shares of company stock worth $437,070. 5.97% of the stock is currently owned by company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.