National Bankshares Upgrades TFI International (TSE:TFII) to Outperform

TFI International (TSE:TFII) was upgraded by research analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a research note issued on Monday, BayStreet.CA reports. The brokerage currently has a C$217.00 price objective on the stock, down from their previous price objective of C$222.00. National Bankshares’ price target would suggest a potential upside of 21.04% from the company’s previous close.

A number of other equities research analysts also recently issued reports on TFII. CIBC lowered their price target on shares of TFI International from C$175.00 to C$172.00 and set an “outperform” rating on the stock in a report on Monday. Scotiabank increased their price target on shares of TFI International from C$225.00 to C$235.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Cormark increased their price target on shares of TFI International from C$180.00 to C$200.00 and gave the stock a “market perform” rating in a report on Monday, February 12th. Desjardins lowered their price target on shares of TFI International from C$216.00 to C$208.00 and set a “buy” rating on the stock in a report on Monday. Finally, Royal Bank of Canada increased their price target on shares of TFI International from C$155.00 to C$173.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$182.78.

TFI International Price Performance

Shares of TSE:TFII opened at C$179.28 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.66 and a debt-to-equity ratio of 113.80. 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 twelve month low of C$137.36 and a twelve month high of C$220.93. The company has a 50-day moving average price of C$205.68 and a two-hundred day moving average price of C$182.07.

Insider Activity at TFI International

In related news, insider TFI International Inc. bought 66,895 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were acquired at an average cost of C$191.48 per share, with a total value of C$12,809,348.94. In other TFI International news, Senior Officer David Joseph Saperstein sold 2,000 shares of TFI International stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$210.00, for a total transaction of C$420,000.00. Also, insider TFI International Inc. purchased 66,895 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were acquired at an average cost of C$191.48 per share, for a total transaction of C$12,809,348.94. Over the last three months, 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.

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.