TFI International (TSE:TFII) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

TFI International Inc. (TSE:TFII)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$127.01 and traded as low as C$119.84. TFI International shares last traded at C$122.93, with a volume of 264,056 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TFII. Scotiabank lowered their price objective on TFI International from C$144.00 to C$140.00 in a report on Friday, October 3rd. Desjardins lowered their price target on TFI International from C$161.00 to C$157.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, National Bankshares boosted their price target on TFI International from C$140.00 to C$145.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$147.33.

TFI International Price Performance

The company has a debt-to-equity ratio of 115.17, a quick ratio of 1.18 and a current ratio of 0.98. The stock’s 50 day simple moving average is C$127.01 and its two-hundred day simple moving average is C$124.04. The firm has a market capitalization of C$10.12 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 1.01 and a beta of 1.40.

About TFI International

TFI International Inc is a transportation and logistics company domiciled in Canada. The company organises itself into four segments: package and courier, less-than-truckload, truckload, and logistics. The package and courier segment picks up, transports, and delivers items across North America. The less-than-truckload segment transports smaller loads.