TFI International (TSE:TFII) Share Price Passes Below 50 Day Moving Average – Should You Sell?

TFI International Inc. (TSE:TFII) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$209.34 and traded as low as C$195.27. TFI International shares last traded at C$195.41, with a volume of 262,694 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TFII. National Bank Financial dropped their price target on TFI International from C$208.00 to C$160.00 and set an “outperform” rating for the company in a research note 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 stock a “buy” rating in a research note on Tuesday, July 28th. Finally, Scotiabank upgraded shares of TFI International from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from C$200.00 to C$260.00 in a research report on Thursday, July 16th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, TFI International presently has an average rating of “Buy” and an average target price of C$184.40.

TFI International Stock Performance

The stock has a fifty day simple moving average of C$208.66 and a two-hundred day simple moving average of C$182.02. The stock has a market cap of C$16.12 billion, a price-to-earnings ratio of 48.19, a P/E/G ratio of 1.01 and a beta of 1.74. The company has a debt-to-equity ratio of 111.46, a quick ratio of 1.18 and a current ratio of 1.09.

TFI International (TSE:TFII) last posted its quarterly earnings results on Monday, July 27th. The company reported C$2.63 EPS for the quarter. TFI International had a return on equity of 12.39% and a net margin of 4.11%.The company had revenue of C$3.25 billion during the quarter. Analysts expect that TFI International Inc. will post 12.2345048 EPS for the current fiscal year.

Insider Buying and Selling at TFI International

In other news, Director Alain Bédard sold 13,500 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of C$206.50, for a total value of C$2,787,750.00. Following the completion of the transaction, the director owned 200,009 shares of the company’s stock, valued at approximately C$41,301,858.50. This represents a 6.32% decrease in their ownership of the stock. Also, insider David Joseph Saperstein sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of C$218.75, for a total transaction of C$875,000.00. Following the completion of the sale, the insider owned 31,811 shares in the company, valued at approximately C$6,958,656.25. The trade was a 11.17% decrease in their ownership of the stock. Insiders have sold a total of 70,193 shares of company stock worth $15,213,043 over the last 90 days. Insiders own 5.97% of the company’s stock.

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.