TFI International (TSE:TFII) Shares Down 20.8% - Here's Why

TFI International Inc. (TSE:TFII - Get Free Report) dropped 20.8% during mid-day trading on Friday . The stock traded as low as C$142.90 and last traded at C$143.78. Approximately 1,144,104 shares changed hands during mid-day trading, an increase of 618% from the average daily volume of 159,349 shares. The stock had previously closed at C$181.51.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Desjardins upgraded shares of TFI International from a "hold" rating to a "buy" rating and increased their price objective for the company from C$204.00 to C$236.00 in a research report on Monday, December 9th. National Bankshares increased their price objective on shares of TFI International from C$198.00 to C$223.00 in a research report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$207.43.

TFI International Price Performance

The company has a market capitalization of C$7.81 billion, a P/E ratio of 16.60, a P/E/G ratio of 1.01 and a beta of 1.37. The firm's fifty day moving average is C$188.34 and its 200 day moving average is C$195.28. The company has a debt-to-equity ratio of 115.17, a quick ratio of 1.18 and a current ratio of 0.98.

Insider Buying and Selling at TFI International

In other news, insider TFI International Inc. bought 15,020 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average price of C$185.48 per share, with a total value of C$2,785,967.73. Also, Senior Officer David Joseph Saperstein sold 1,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$218.00, for a total transaction of C$218,000.00. 5.97% of the stock is owned by corporate insiders.

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.