TFI International (TSE:TFII) Director Acquires C$268,140.00 in Stock

TFI International Inc. (TSE:TFII) Director Diane Giard acquired 2,000 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were bought at an average cost of C$134.07 per share, for a total transaction of C$268,140.00. Following the acquisition, the director owned 15,593 shares of the company’s stock, valued at C$2,090,553.51. This represents a 14.71% increase in their position.

TFI International Stock Performance

TFII traded up C$3.11 on Wednesday, reaching C$138.25. The company had a trading volume of 307,135 shares, compared to its average volume of 265,078. TFI International Inc. has a 1 year low of C$113.72 and a 1 year high of C$233.85. The stock has a market capitalization of C$11.36 billion, a PE ratio of 32.00, a P/E/G 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. The stock has a 50-day moving average price of C$169.21 and a 200-day moving average price of C$179.42.

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

TFI International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.4%. TFI International’s dividend payout ratio (DPR) is 43.52%.

Key TFI International News

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

• Positive Sentiment: Six directors reported buying shares, with purchases totaling approximately C$3.8 million. CEO Alain Bédard accounted for C$2.64 million of the total, while five other directors also increased their holdings. The concentrated insider buying may support investor sentiment. Insider buying report
• Negative Sentiment: TD Cowen and CIBC each cut their TFI International price target from 158 to 119 and 120, respectively, reflecting more cautious expectations and potentially weighing on the stock. TD Cowen price-target report CIBC price-target report
• Negative Sentiment: A Globe and Mail report says TFI is still struggling to turn around the freight business acquired from UPS five years ago. Continued underperformance could hinder results and reinforce investor concerns. Globe and Mail report on UPS Freight

Analysts Set New Price Targets

A number of research firms have weighed in on TFII. Desjardins increased their price objective on TFI International from C$221.00 to C$245.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Scotiabank decreased their price target on TFI International from C$263.00 to C$235.00 and set a “sector outperform” rating for the company in a report on Thursday, October 15th. Finally, National Bank Financial lowered their price objective on shares of TFI International from C$208.00 to C$160.00 and set an “outperform” rating on the stock in a research report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$179.40.

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.