Scotiabank Cuts TFI International (TSE:TFII) Price Target to C$150.00

TFI International (TSE:TFII) had its target price reduced by Scotiabank from C$193.00 to C$150.00 in a report released on Wednesday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

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

TFI International Price Performance

Shares of TSE:TFII opened at C$113.02 on Wednesday. The firm’s 50 day moving average is C$145.11 and its two-hundred day moving average is C$179.35. The firm has a market capitalization of C$6.74 billion, a P/E ratio of 14.33, a PEG 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. TFI International has a 52 week low of C$102.57 and a 52 week high of C$220.93.

Insider Activity

In other TFI International news, Director John Pratt purchased 2,000 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were purchased at an average price of C$120.50 per share, for a total transaction of C$240,994.08. Also, insider TFI International Inc. purchased 1,108 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was bought at an average cost of C$127.30 per share, for a total transaction of C$141,046.47. Insiders bought a total of 23,128 shares of company stock worth $3,798,476 over the last 90 days. 5.97% of the stock is currently owned by company 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.