CIBC Lowers TFI International (TSE:TFII) Price Target to C$172.00

TFI International (TSE:TFII) had its price target cut by research analysts at CIBC from C$175.00 to C$172.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price objective would indicate a potential downside of 4.06% from the company’s previous close.

Several other analysts have also commented on TFII. National Bankshares increased their price target on shares of TFI International from C$209.00 to C$222.00 and gave the company a “sector perform” rating in a research report on Wednesday, March 27th. BMO Capital Markets upped their price objective on shares of 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. Cormark upped their price objective on shares of TFI International from C$180.00 to C$200.00 and gave the company a “market perform” rating in a research note on Monday, February 12th. Royal Bank of Canada upped their price objective on shares of TFI International from C$155.00 to C$173.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Finally, Scotiabank upped their price objective on shares of TFI International from C$225.00 to C$235.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TFI International presently has a consensus rating of “Moderate Buy” and an average price target of C$182.78.

TFI International Stock Down 3.4 %

TFII stock opened at C$179.28 on Monday. The company’s 50 day simple moving average is C$205.68 and its 200-day simple moving average is C$182.07. The firm has a market capitalization of C$15.16 billion, a PE ratio of 23.34, a P/E/G ratio of 1.01 and a beta of 1.40. TFI International has a 12 month low of C$137.36 and a 12 month high of C$220.93. The company has a debt-to-equity ratio of 113.80, a current ratio of 1.66 and a quick ratio of 1.18.

Insiders Place Their Bets

In other TFI International news, Director John Pratt bought 819 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were acquired at an average price of C$137.46 per share, with a total value of C$112,580.56. In other news, Senior Officer David Joseph Saperstein sold 2,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$210.00, for a total value of C$420,000.00. Also, Director John Pratt bought 819 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was acquired at an average cost of C$137.46 per share, for a total transaction of C$112,580.56. Over the last quarter, insiders have purchased 69,290 shares of company stock valued at $13,228,693 and have sold 52,706 shares valued at $11,109,229. 5.75% of the stock is currently owned by insiders.

TFI International Company Profile

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.