TFI International (TSE:TFII) Trading Down 0.1% - Here's What Happened

Key Points

• TFI International's stock price decreased by 0.1% to C$128.97, with trading volume down 43% from the average.
• Analysts have mixed reviews on the stock, with two "Buy" ratings and one "Hold," and a consensus price target of C$151.50.
• The company recently increased its quarterly dividend from $0.40 to $0.45 per share, reflecting a 1.4% yield and a payout ratio of 40.32%.

TFI International Inc. (TSE:TFII - Get Free Report)'s stock price dropped 0.1% during trading on Tuesday . The company traded as low as C$128.91 and last traded at C$128.97. Approximately 163,735 shares were traded during trading, a decline of 43% from the average daily volume of 287,233 shares. The stock had previously closed at C$129.08.

Wall Street Analyst Weigh In

TFII has been the topic of a number of research analyst reports. National Bankshares decreased their price objective on shares of TFI International from C$142.00 to C$140.00 and set an "outperform" rating on the stock in a report on Tuesday, July 29th. Scotiabank increased their price objective on shares of TFI International from C$140.00 to C$144.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 29th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$151.50.

TFI International Stock Down 0.1%

The firm's 50 day moving average is C$126.36 and its two-hundred day moving average is C$120.92. The firm has a market cap of C$10.71 billion, a P/E ratio of 29.72, a price-to-earnings-growth ratio of 1.01 and a beta of 1.40. The company has a current ratio of 0.98, a quick ratio of 1.18 and a debt-to-equity ratio of 115.17.

TFI International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a 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 payout ratio is 40.32%.

Insider Buying and Selling at TFI International

In related news, Director Leslie Abi-Karam purchased 1,141 shares of the business's stock in a transaction on Friday, August 1st. The shares were purchased at an average price of C$120.94 per share, with a total value of C$137,996.19. Also, Director Debra Kelly-Ennis purchased 1,600 shares of the business's stock in a transaction on Wednesday, July 30th. The stock was bought at an average cost of C$122.34 per share, for a total transaction of C$195,746.04. Over the last quarter, insiders have purchased 3,573 shares of company stock valued at $437,070. 5.97% of the stock is currently owned by corporate insiders.

TFI International Company Profile

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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