Scotiabank Cuts TFI International (TSE:TFII) Price Target to C$150.00

TFI International (TSE:TFII) had its target price reduced by analysts at Scotiabank from C$193.00 to C$150.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 31.42% from the stock’s previous close.

TFII has been the subject of a number of other reports. Desjardins upgraded TFI International from a “hold” rating to a “buy” rating and upped their target price for the stock from C$204.00 to C$236.00 in a research report on Monday, December 9th. National Bankshares upped their price objective on TFI International from C$198.00 to C$223.00 in a report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$193.14.

TFI International Price Performance

TFI International stock traded up C$3.56 during trading hours on Wednesday, hitting C$114.14. 141,867 shares of the company traded hands, compared to its average volume of 262,646. The firm’s 50-day simple moving average is C$150.05 and its two-hundred day simple moving average is C$180.97. The firm has a market cap of C$6.81 billion, a P/E ratio of 14.47, a P/E/G ratio of 1.01 and a beta of 1.37. TFI International has a 1-year low of C$106.64 and a 1-year high of C$220.93. The company has a quick ratio of 1.18, a current ratio of 0.98 and a debt-to-equity ratio of 115.17.

Insider Activity at TFI International

In other TFI International news, insider TFI International Inc. bought 15,020 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were bought at an average price of C$185.48 per share, for a total transaction of C$2,785,967.73. Also, Director John Pratt purchased 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of C$120.50 per share, with a total value of C$240,994.08. In the last 90 days, insiders bought 23,128 shares of company stock worth $3,798,476. 5.97% of the stock is owned by corporate insiders.

About TFI International

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.