TFI International (TSE:TFII) Stock: Insider Alain Bédard Buys 20,000 Shares

TFI International Inc. (TSE:TFII) Director Alain Bédard acquired 20,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was purchased at an average cost of C$132.00 per share, with a total value of C$2,640,000.00. Following the completion of the acquisition, the director owned 4,550,839 shares of the company’s stock, valued at C$600,710,748. The trade was a 0.44% increase in their ownership of the stock.

TFI International Trading Up 0.7%

Shares of TSE TFII opened at C$135.14 on Wednesday. The company has a quick ratio of 1.18, a current ratio of 1.11 and a debt-to-equity ratio of 106.02. The stock’s 50 day moving average price is C$169.21 and its two-hundred day moving average price is C$179.42. TFI International Inc. has a 52-week low of C$113.72 and a 52-week high of C$233.85. The stock has a market capitalization of C$11.11 billion, a P/E ratio of 31.28, a PEG ratio of 1.01 and a beta of 1.80.

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

TFI International Announces Dividend

The company also recently declared 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. This represents a $1.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 29th. TFI International’s dividend payout ratio is currently 43.52%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TFII shares. Desjardins lifted 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 report on Tuesday, July 28th. Scotiabank dropped their target price 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. Finally, National Bank Financial dropped their target price on shares of 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. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$179.40.

More TFI International News

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

• Positive Sentiment: Four directors bought shares, totaling about C$3.35 million. Alain Bédard led with a C$2.64 million purchase; Debra Kelly-Ennis, Steven Mayer and John Pratt also added shares. The cluster of purchases may signal that insiders see value at recent prices. Insider buying report
• Negative Sentiment: TD Cowen cut its TFI International price target to $119 from $158, and CIBC lowered its target to $120 from $158. The sharp reductions could pressure sentiment by signaling more cautious expectations. TD Cowen price-target report CIBC price-target report
• Negative Sentiment: A Globe and Mail report says TFI is struggling to turn around the freight business it acquired from UPS. Continued difficulty improving that operation could weigh on results and reinforce concerns behind the lower analyst targets. Globe and Mail report on UPS Freight

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.