Scotiabank Cuts TFI International (TSE:TFII) Price Target to C$230.00

TFI International (TSE:TFII) had its price target dropped by Scotiabank from C$235.00 to C$230.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 24.65% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. National Bankshares raised shares of TFI International from a “sector perform” rating to an “outperform” rating and reduced their price target for the stock from C$222.00 to C$217.00 in a research report on Monday. Cormark upped their target price on shares of TFI International from C$180.00 to C$200.00 and gave the stock a “market perform” rating in a research note on Monday, February 12th. Royal Bank of Canada upped their target price on shares of TFI International from C$155.00 to C$173.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Desjardins reduced their target price on shares of TFI International from C$216.00 to C$208.00 and set a “buy” rating for the company in a research note on Monday. Finally, CIBC reduced their target price on shares of TFI International from C$175.00 to C$172.00 and set an “outperform” rating for the company in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$182.78.

TFI International Trading Down 1.8 %

Shares of TSE TFII traded down C$3.35 during midday trading on Monday, reaching C$184.52. 155,171 shares of the stock were exchanged, compared to its average volume of 190,745. The business has a 50-day simple moving average of C$206.24 and a two-hundred day simple moving average of C$181.86. The company has a market capitalization of C$15.59 billion, a price-to-earnings ratio of 23.54, a P/E/G ratio of 1.01 and a beta of 1.40. TFI International has a 12 month low of C$137.36 and a 12 month high of C$220.93. The company has a debt-to-equity ratio of 90.47, a current ratio of 1.25 and a quick ratio of 1.18.

Insider Transactions at TFI International

In other news, Senior Officer David Joseph Saperstein sold 2,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$210.00, for a total transaction of C$420,000.00. In other news, Director John Pratt bought 819 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were bought at an average cost of C$137.46 per share, with a total value of C$112,580.56. Also, Senior Officer David Joseph Saperstein sold 2,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$210.00, for a total transaction of C$420,000.00. In the last three months, insiders acquired 69,290 shares of company stock worth $13,228,693 and sold 52,706 shares worth $11,109,229. Company insiders own 5.73% of the company’s stock.

TFI International Company Profile

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.