TFI International (TSE:TFII) Stock: Insider Steven Mayer Buys 2,200 Shares

TFI International Inc. (TSE:TFII) Director Steven Mayer bought 2,200 shares of the stock in a transaction dated Monday, November 2nd. The stock was purchased at an average cost of C$130.28 per share, for a total transaction of C$286,616.00. Following the acquisition, the director owned 2,200 shares of the company’s stock, valued at approximately C$286,616. This represents a ∞ increase in their ownership of the stock.

TFI International Trading Up 3.6%

Shares of TFI International stock opened at C$140.06 on Thursday. TFI International Inc. has a 52-week low of C$113.72 and a 52-week high of C$233.85. 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 company’s 50-day simple moving average is C$168.30 and its 200-day simple moving average is C$179.34. The firm has a market cap of C$11.51 billion, a price-to-earnings ratio of 32.42, a price-to-earnings-growth ratio of 1.01 and a beta of 1.80.

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

TFI International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders 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 yield of 1.3%. TFI International’s payout ratio is presently 43.52%.

Key Stories Impacting TFI International

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

Wall Street Analyst Weigh In

Several research firms have recently commented on TFII. National Bank Financial reduced their price target on 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. Desjardins raised their target price on TFI International from C$221.00 to C$245.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Finally, Scotiabank decreased 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 research report on Thursday, October 15th. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock presently 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.