Desjardins Issues Positive Forecast for TFI International (TSE:TFII) Stock Price

TFI International (TSE:TFII) had its target price hoisted by research analysts at Desjardins from C$221.00 to C$245.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 15.35% from the company’s current price.

TFII has been the topic of a number of other reports. National Bank Financial reduced their target price on shares of TFI International from C$208.00 to C$160.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. Scotiabank upgraded TFI International from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from C$200.00 to C$260.00 in a research report on Thursday, July 16th. Finally, Citigroup boosted their price objective on TFI International from C$143.00 to C$144.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$184.40.

TFI International Price Performance

Shares of TSE TFII traded up C$6.58 during midday trading on Tuesday, reaching C$212.40. 210,893 shares of the stock traded hands, compared to its average volume of 239,077. The company has a debt-to-equity ratio of 119.57, a current ratio of 1.07 and a quick ratio of 1.18. The stock has a market capitalization of C$17.46 billion, a PE ratio of 59.16, a P/E/G ratio of 1.01 and a beta of 1.77. TFI International has a one year low of C$113.72 and a one year high of C$233.85. The company’s 50 day moving average is C$210.43 and its 200 day moving average is C$179.60.

TFI International (TSE:TFII) last announced its quarterly earnings results on Monday, July 27th. The company reported C$2.63 earnings per share for the quarter. TFI International had a net margin of 3.79% and a return on equity of 11.18%. The company had revenue of C$3.25 billion for the quarter. On average, equities research analysts anticipate that TFI International will post 12.2345048 earnings per share for the current year.

Insider Buying and Selling at TFI International

In other news, Director Alain Bédard sold 5,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of C$231.93, for a total transaction of C$1,159,650.00. Following the completion of the sale, the director directly owned 145,000 shares of the company’s stock, valued at approximately C$33,629,850. The trade was a 3.33% decrease in their ownership of the stock. Also, insider David Joseph Saperstein sold 4,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of C$218.75, for a total transaction of C$875,000.00. Following the completion of the transaction, the insider owned 31,811 shares in the company, valued at approximately C$6,958,656.25. The trade was a 11.17% decrease in their ownership of the stock. Over the last quarter, insiders have sold 70,193 shares of company stock valued at $15,213,043. Corporate insiders own 5.97% of the company’s stock.

TFI International Company Profile

TFI International Inc is a North American leader in the transportation and logistics industry, operating across the United States,Canada and Mexico through its subsidiaries. TFI International creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned operating subsidiaries. Under the TFI International umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency. TFI International companies service the following segments: Less-Than-Truckload; Truckload; Logistics.