TFI International (TSE:TFII) Given New C$62.00 Price Target at Royal Bank of Canada

TFI International (TSE:TFII) had its target price increased by Royal Bank of Canada from C$53.00 to C$62.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts have also weighed in on TFII. Laurentian lowered their price objective on shares of TFI International from C$55.00 to C$49.00 in a research note on Monday, April 13th. Stephens upped their price objective on shares of TFI International from C$53.00 to C$65.00 in a research note on Thursday, July 9th. Scotiabank raised shares of TFI International from a sector perform rating to an outperform rating and upped their price objective for the stock from C$43.00 to C$54.00 in a research note on Tuesday, June 9th. National Bank Financial upped their price objective on shares of TFI International from C$56.00 to C$65.00 and gave the stock an outperform rating in a research note on Tuesday, July 28th. Finally, BMO Capital Markets boosted their target price on shares of TFI International from C$46.00 to C$54.00 in a report on Friday, June 26th.

Shares of TFII opened at C$58.12 on Wednesday. TFI International has a 12-month low of C$23.21 and a 12-month high of C$58.37. The firm has a fifty day moving average price of C$49.67 and a 200-day moving average price of C$41.79. The firm has a market capitalization of $5.11 billion and a P/E ratio of 15.38. The company has a current ratio of 1.26, a quick ratio of 1.18 and a debt-to-equity ratio of 106.79.

In other TFI International news, Director Alain B├ędard sold 50,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of C$39.59, for a total value of C$1,979,500.00. Following the completion of the transaction, the director now directly owns 4,149,818 shares in the company, valued at C$164,291,294.62. Insiders sold 405,000 shares of company stock valued at $18,409,335 over the last quarter.

TFI International Company Profile

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States, Canada, and Mexico. The company operates through Package and Courier, Less-Than-Truckload, Truckload, and Logistics and Last Mile segments. The Package and Courier segment engages in the pickup, transport, and delivery of items.

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