TFI International (TSE:TFII) Director Diane Giard Acquires 2,000 Shares of Company Stock

TFI International Inc. (TSE:TFII) Director Diane Giard bought 2,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were purchased at an average cost of C$134.07 per share, with a total value of C$268,140.00. Following the purchase, the director directly owned 15,593 shares of the company’s stock, valued at C$2,090,553.51. The trade was a 14.71% increase in their ownership of the stock.

TFI International Price Performance

TFII stock opened at C$140.06 on Thursday. The firm has a market cap of C$11.51 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 1.01 and a beta of 1.80. The company has a quick ratio of 1.18, a current ratio of 1.11 and a debt-to-equity ratio of 106.02. TFI International Inc. has a 12-month low of C$113.72 and a 12-month high of C$233.85. The company’s fifty day simple moving average is C$168.30 and its 200 day simple moving average is C$179.34.

TFI International (TSE:TFII) last issued its quarterly earnings results on Thursday, October 29th. The company reported C$2.38 earnings per share for the quarter. TFI International had a return on equity of 12.95% and a net margin of 4.22%. The firm had revenue of C$3.18 billion during the quarter. On average, analysts expect that TFI International Inc. will post 12.23 earnings per share for the current year.

TFI International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 15th were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, September 29th. This represents a $1.88 annualized dividend and a dividend yield of 1.3%. TFI International’s dividend payout ratio is presently 43.52%.

Analysts Set New Price Targets

A number of brokerages have weighed in on TFII. Desjardins lifted their target price on TFI International from C$221.00 to C$245.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Scotiabank dropped their price target on TFI International from C$263.00 to C$235.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 15th. Finally, National Bank Financial cut their price target on TFI International from C$208.00 to C$160.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, TFI International currently has a consensus rating of “Buy” and a consensus target price of C$179.40.

Key TFI International News

Here are the key news stories impacting TFI International this week:

• Positive Sentiment: Multiple directors increased their holdings, with purchases ranging from about C$181,000 to C$2.64 million. The broad-based insider buying could bolster investor confidence. Insider buying report
• Negative Sentiment: Recent analyst price-target reductions and reports of difficulty improving the UPS freight business TFI acquired remain potential headwinds, raising concerns about operating performance and expectations. TD Cowen target update Report on the UPS freight business

TFI International Company Profile

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.