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) shot up 5.2% during mid-day trading on Tuesday . The company traded as high as C$122.53 and last traded at C$122.33. 279,905 shares traded hands during trading, a decline of 5% from the average session volume of 294,136 shares. The stock had previously closed at C$116.32.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Scotiabank upped their target price on TFI International from C$140.00 to C$144.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 29th. Desjardins decreased their price objective on shares of 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, 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.

TFI International Stock 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 stock has a market cap of C$7.47 billion, a P/E ratio of 15.89, a PEG ratio of 1.01 and a beta of 1.37. The firm's 50-day moving average price is C$122.90 and its 200-day moving average price is C$126.58.

TFI International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 30th. This is a positive change from TFI International's previous quarterly dividend of $0.40. TFI International's dividend payout ratio is 27.39%.

Insider Transactions at TFI International

In other news, Director Debra Kelly-Ennis acquired 1,600 shares of the business's stock in a transaction dated Wednesday, July 30th. The shares were bought at an average cost of C$122.34 per share, for a total transaction of C$195,746.04. Also, Director Leslie Abi-Karam acquired 1,141 shares of the company's stock in a transaction dated 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. Over the last ninety days, insiders purchased 3,573 shares of company stock valued at $437,070. 5.97% of the stock is currently owned by corporate 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.