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

TFI International (TSE:TFII) had its price objective cut by stock analysts at Scotiabank from C$235.00 to C$230.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 28.29% from the stock’s current price.

Several other brokerages also recently commented on TFII. CIBC dropped their price objective 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. BMO Capital Markets increased their price objective on shares of TFI International from C$122.00 to C$130.00 and gave the company a “market perform” rating in a research note on Monday, January 8th. National Bankshares raised shares of TFI International from a “sector perform” rating to an “outperform” rating and dropped their price objective for the company from C$222.00 to C$217.00 in a research note on Monday. Cormark raised their price target on shares of TFI International from C$180.00 to C$200.00 and gave the company a “market perform” rating in a research note on Monday, February 12th. Finally, Desjardins dropped their price target 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, TFI International currently has an average rating of “Moderate Buy” and an average target price of C$182.78.

TFI International Price Performance

Shares of TSE:TFII opened at C$179.28 on Monday. The company has a market cap of C$15.16 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 1.01 and a beta of 1.40. The company has a debt-to-equity ratio of 113.80, a current ratio of 1.66 and a quick ratio of 1.18. The firm has a 50 day simple moving average of C$205.68 and a 200 day simple moving average of C$182.07. TFI International has a one year low of C$137.36 and a one year high of C$220.93.

Insider Transactions at TFI International

In other news, insider TFI International Inc. acquired 66,895 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was bought at an average cost of C$191.48 per share, for a total transaction of C$12,809,348.94. In other TFI International news, Director Frank Paglia sold 705 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of C$196.85, for a total value of C$138,780.24. Also, insider TFI International Inc. purchased 66,895 shares of TFI International stock in a transaction on Thursday, February 8th. The stock was bought at an average price of C$191.48 per share, with a total value of C$12,809,348.94. Over the last three months, insiders bought 69,290 shares of company stock worth $13,228,693 and sold 52,706 shares worth $11,109,229. 5.75% of the stock is currently owned by corporate insiders.

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.