TFI International (TSE:TFII) Hits New 12-Month Low Following Analyst Downgrade

TFI International Inc. (TSE:TFII - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday after Scotiabank lowered their price target on the stock from C$193.00 to C$150.00. Scotiabank currently has an outperform rating on the stock. TFI International traded as low as C$105.25 and last traded at C$105.25, with a volume of 143561 shares traded. The stock had previously closed at C$115.70.

Several other equities analysts also recently issued reports on TFII. Desjardins raised shares of TFI International from a "hold" rating to a "buy" rating and upped their price objective for the company from C$204.00 to C$236.00 in a research note on Monday, December 9th. National Bankshares raised their price objective on TFI International from C$198.00 to C$223.00 in a report on Thursday, December 5th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$180.14.

Insider Buying and Selling

In other news, insider TFI International Inc. bought 1,108 shares of TFI International stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of C$127.30 per share, with a total value of C$141,046.47. Also, Director Sébastien Martel purchased 2,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of C$118.95 per share, for a total transaction of C$237,890.00. In the last ninety days, insiders have bought 23,128 shares of company stock valued at $3,798,476. 5.97% of the stock is currently owned by company insiders.

TFI International Stock Down 1.7 %

The stock has a market capitalization of C$6.38 billion, a P/E ratio of 13.57, a P/E/G ratio of 1.01 and a beta of 1.37. The company has a current ratio of 0.98, a quick ratio of 1.18 and a debt-to-equity ratio of 115.17. The stock's 50 day simple moving average is C$143.25 and its 200 day simple moving average is C$178.54.

TFI International Company Profile

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States and Canada. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items in North America.