TFI International (TSE:TFII) Director John Pratt Buys 1,567 Shares of Company Stock

TFI International Inc. (TSE:TFII) Director John Pratt bought 1,567 shares of the stock in a transaction on Tuesday, November 3rd. The stock was purchased at an average cost of C$134.97 per share, for a total transaction of C$211,497.99. Following the acquisition, the director owned 9,580 shares of the company’s stock, valued at C$1,293,012.60. This trade represents a 19.56% increase in their position.

TFI International Trading Up 0.7%

Shares of TSE:TFII opened at C$135.14 on Wednesday. The stock has a market capitalization of C$11.11 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 1.01 and a beta of 1.80. The company has a debt-to-equity ratio of 106.02, a quick ratio of 1.18 and a current ratio of 1.11. The stock’s 50-day simple moving average is C$169.21 and its two-hundred day simple moving average 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.

TFI International (TSE:TFII) last released its quarterly earnings results 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 business had revenue of C$3.18 billion during the quarter. Analysts expect that TFI International Inc. will post 12.23 EPS for the current year.

TFI International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 15th were issued a $0.47 dividend. The ex-dividend date of this dividend 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 presently 43.52%.

TFI International News Summary

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

Analysts Set New Price Targets

A number of brokerages have commented on TFII. National Bank Financial reduced their target price 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. Scotiabank decreased their price target on shares of TFI International from C$263.00 to C$235.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 15th. Finally, Desjardins lifted their price target 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. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, TFI International has a consensus rating of “Buy” and an average target price of C$179.40.

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.