TFI International (TSE:TFII) Stock Price Passes Below 50-Day Moving Average – What’s Next?

TFI International Inc. (TSE:TFII) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$209.34 and traded as low as C$195.27. TFI International shares last traded at C$195.41, with a volume of 262,694 shares.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Desjardins increased their target price on TFI International from C$221.00 to C$245.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. National Bank Financial reduced their price target on shares of TFI International from C$208.00 to C$160.00 and set an “outperform” rating for the company in a report on Friday, July 10th. Finally, Scotiabank upgraded shares of TFI International from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from C$200.00 to C$260.00 in a research report on Thursday, July 16th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$184.40.

TFI International Trading Down 1.9%

The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 111.46. The stock has a market capitalization of C$16.06 billion, a P/E ratio of 48.01, a PEG ratio of 1.01 and a beta of 1.74. The firm’s 50-day simple moving average is C$209.34 and its 200 day simple moving average is C$181.66.

TFI International (TSE:TFII) last announced its quarterly earnings data on Monday, July 27th. The company reported C$2.63 EPS for the quarter. TFI International had a return on equity of 12.39% and a net margin of 4.11%.The company had revenue of C$3.25 billion during the quarter. Equities research analysts anticipate that TFI International Inc. will post 12.2345048 EPS for the current fiscal year.

Insider Transactions at TFI International

In related news, Director Alain Bédard sold 5,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately C$33,629,850. This trade represents a 3.33% decrease in their ownership of the stock. Also, insider David Joseph Saperstein sold 4,000 shares of TFI International stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of C$218.75, for a total transaction of C$875,000.00. Following the sale, the insider directly owned 31,811 shares of the company’s stock, valued at C$6,958,656.25. This trade represents a 11.17% decrease in their position. Insiders have sold a total of 70,193 shares of company stock valued at $15,213,043 over the last 90 days. 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.