TFI International (TSE:TFII) Shares Down 14.5% – Time to Sell?
by Mitch Edgeman · The Markets DailyShares of TFI International Inc. (TSE:TFII – Get Free Report) fell 14.5% on Friday. The stock traded as low as C$131.45 and last traded at C$134.30. Approximately 442,611 shares were traded during mid-day trading, an increase of 71% from the average session volume of 258,835 shares. The stock had previously closed at C$157.14.
Wall Street Analyst Weigh In
Several research firms have recently commented on TFII. National Bank Financial reduced their price target on shares of TFI International from C$208.00 to C$160.00 and set an “outperform” rating for the company in a report on Friday, July 10th. Desjardins increased their price objective on shares of TFI International from C$221.00 to C$245.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Finally, Scotiabank cut their price objective on shares of TFI International from C$263.00 to C$235.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 15th. Four research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$179.40.
Check Out Our Latest Analysis on TFI International
TFI International Price Performance
The company has a market capitalization of C$10.98 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 1.01 and a beta of 1.96. The stock’s 50-day simple moving average is C$172.73 and its two-hundred day simple moving average is C$179.75. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 111.46.
TFI International (TSE:TFII – Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported C$2.38 earnings per share for the quarter. The business had revenue of C$3.18 billion for the quarter. TFI International had a return on equity of 12.39% and a net margin of 4.11%. Equities research analysts predict that TFI International Inc. will post 12.23 earnings per share for the current year.
TFI International Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th were issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, September 29th. This represents a $1.88 annualized dividend and a yield of 1.4%. TFI International’s dividend payout ratio is 45.70%.
Insiders Place Their Bets
In related news, Director Keith Hall sold 1,069 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of C$205.95, for a total value of C$220,160.55. Also, Director Rosemary Turner purchased 3,643 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average cost of C$197.58 per share, for a total transaction of C$719,783.94. Following the acquisition, the director owned 3,945 shares of the company’s stock, valued at approximately C$779,453.10. The trade was a 1,206.29% increase in their ownership of the stock. 5.97% of the stock is currently owned by company insiders.
About TFI International
TFI International Inc is a North American leader in the transportation and logistics industry, operating across the United States,Canada and Mexico through its subsidiaries. TFI International creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned operating subsidiaries. Under the TFI International umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency. TFI International companies service the following segments: Less-Than-Truckload; Truckload; Logistics.