TFI International (TSE:TFII) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

TFI International Inc. (TSE:TFII) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$203.66 and traded as low as C$193.21. TFI International shares last traded at C$194.23, with a volume of 87,918 shares changing hands.

Wall Street Analyst Weigh In

TFII has been the topic of several research analyst reports. Desjardins upgraded shares of TFI International from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$204.00 to C$236.00 in a research note on Monday, December 9th. National Bankshares boosted their target price on TFI International from C$198.00 to C$223.00 in a report on Thursday, December 5th. Finally, Stifel Nicolaus dropped their price target on TFI International from C$162.00 to C$158.00 in a research note on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, TFI International presently has a consensus rating of “Moderate Buy” and an average target price of C$207.43.

TFI International Stock Down 0.4 %

The firm has a market capitalization of C$16.43 billion, a PE ratio of 24.81, a PEG ratio of 1.01 and a beta of 1.37. The business’s fifty day moving average price is C$203.66 and its 200 day moving average price is C$199.37. The company has a quick ratio of 1.18, a current ratio of 0.94 and a debt-to-equity ratio of 123.42.

Insider Activity at TFI International

In other news, Senior Officer David Joseph Saperstein sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of C$202.00, for a total transaction of C$404,000.00. Also, Director John Pratt acquired 650 shares of TFI International stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average price of C$185.92 per share, with a total value of C$120,850.12. Insiders have sold 60,000 shares of company stock worth $12,526,868 in the last quarter. Company insiders own 5.97% 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.