TFI International (TSE:TFII) Sets New 52-Week High – Still a Buy?

TFI International Inc. (TSE:TFII)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as C$204.99 and last traded at C$204.53, with a volume of 22275 shares trading hands. The stock had previously closed at C$200.78.

Analysts Set New Price Targets

TFII has been the subject of several recent analyst reports. National Bank Financial boosted their price objective on shares of TFI International from C$190.00 to C$208.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Citigroup boosted their price objective on shares of TFI International from C$143.00 to C$144.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Scotiabank boosted their price objective on shares of TFI International from C$170.00 to C$200.00 in a research note on Tuesday, April 28th. Finally, Desjardins boosted their price objective on shares of TFI International from C$183.00 to C$221.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$177.20.

TFI International Trading Up 1.4%

The company has a debt-to-equity ratio of 119.57, a quick ratio of 1.18 and a current ratio of 1.07. The firm has a market cap of C$16.74 billion, a PE ratio of 56.73, a PEG ratio of 1.01 and a beta of 1.49. The stock’s 50 day simple moving average is C$169.93 and its 200 day simple moving average is C$153.60.

TFI International (TSE:TFII) last released its quarterly earnings results on Monday, April 27th. The company reported C$0.96 EPS for the quarter. TFI International had a net margin of 3.79% and a return on equity of 11.18%. The business had revenue of C$2.71 billion during the quarter. On average, sell-side analysts forecast that TFI International Inc. will post 12.2345048 earnings per share for the current fiscal year.

TFI International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, March 31st. TFI International’s payout ratio is currently 51.25%.

Insiders Place Their Bets

In other news, Director Alain Bédard sold 11,700 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of C$197.31, for a total value of C$2,308,527.00. Following the completion of the sale, the director directly owned 213,509 shares in the company, valued at approximately C$42,127,460.79. The trade was a 5.20% decrease in their position. Also, Director Diane Giard acquired 2,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average price of C$183.86 per share, with a total value of C$367,720.00. Following the completion of the acquisition, the director owned 13,593 shares in the company, valued at approximately C$2,499,208.98. The trade was a 17.25% increase in their position. 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.