TFI International (TSE:TFII) Shares Down 5.8%

TFI International Inc. (TSE:TFII - Get Free Report) was down 5.8% on Wednesday . The company traded as low as C$195.12 and last traded at C$201.44. Approximately 119,592 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 173,964 shares. The stock had previously closed at C$213.79.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TFII shares. BMO Capital Markets boosted their price objective on TFI International from C$122.00 to C$130.00 and gave the company a "market perform" rating in a research note on Monday, January 8th. National Bankshares boosted their target price on TFI International from C$209.00 to C$222.00 and gave the company a "sector perform" rating in a report on Wednesday, March 27th. Scotiabank boosted their target price on TFI International from C$225.00 to C$235.00 and gave the company an "outperform" rating in a report on Monday, March 25th. Desjardins boosted their target price on TFI International from C$208.00 to C$216.00 and gave the company a "buy" rating in a report on Monday, February 12th. Finally, Royal Bank of Canada boosted their target price on TFI International from C$155.00 to C$173.00 and gave the company an "outperform" rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$186.38.

TFI International Price Performance

The stock has a fifty day moving average of C$206.07 and a two-hundred day moving average of C$180.59. The stock has a market cap of C$16.80 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 1.01 and a beta of 1.40. The company has a quick ratio of 1.18, a current ratio of 1.25 and a debt-to-equity ratio of 90.47.

Insider Buying and Selling

In other TFI International news, Director Frank Paglia sold 705 shares of the company's stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of C$196.85, for a total value of C$138,780.24. In other news, Senior Officer David Joseph Saperstein sold 2,000 shares of the company's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$210.00, for a total value of C$420,000.00. Also, Director Frank Paglia sold 705 shares of the company's stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of C$196.85, for a total value of C$138,780.24. Over the last quarter, insiders have acquired 68,471 shares of company stock valued at $13,116,112 and have sold 52,706 shares valued at $11,109,229. 5.73% 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.