TFI International (TSE:TFII) Reaches New 12-Month High – What’s Next?

TFI International Inc. (TSE:TFII)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$225.02 and last traded at C$223.98, with a volume of 12029 shares. The stock had previously closed at C$222.37.

Analyst Ratings Changes

Several brokerages have commented on TFII. National Bank Financial boosted their price target on shares of TFI International from C$190.00 to C$208.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Citigroup increased their price target on shares of TFI International from C$143.00 to C$144.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Scotiabank increased their price target on shares of TFI International from C$170.00 to C$200.00 in a research note on Tuesday, April 28th. Finally, Desjardins increased their price target on shares of TFI International from C$183.00 to C$221.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, TFI International has an average rating of “Moderate Buy” and a consensus price target of C$177.20.

TFI International Trading Down 2.4%

The business’s 50 day simple moving average is C$189.10 and its 200 day simple moving average is C$162.26. The company has a quick ratio of 1.18, a current ratio of 1.07 and a debt-to-equity ratio of 119.57. The stock has a market cap of C$18.28 billion, a price-to-earnings ratio of 61.97, a PEG ratio of 1.01 and a beta of 1.75.

TFI International (TSE:TFII) last posted its quarterly earnings results on Monday, April 27th. The company reported C$0.96 earnings per share for the quarter. The business had revenue of C$2.71 billion for the quarter. TFI International had a return on equity of 11.18% and a net margin of 3.79%. On average, research analysts expect that TFI International Inc. will post 12.2345048 EPS for the current fiscal year.

TFI International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, March 31st. TFI International’s dividend payout ratio (DPR) is currently 51.25%.

Insider Transactions at TFI International

In other news, insider David Joseph Saperstein sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$218.75, for a total transaction of C$875,000.00. Following the completion of the sale, the insider owned 31,811 shares in the company, valued at approximately C$6,958,656.25. This trade represents a 11.17% decrease in their position. Also, Director Alain Bédard sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of C$231.93, for a total transaction of C$1,159,650.00. Following the sale, the director owned 145,000 shares of the company’s stock, valued at approximately C$33,629,850. This represents a 3.33% decrease in their position. In the last 90 days, insiders have sold 70,193 shares of company stock valued at $15,213,043. 5.97% of the stock is currently owned by corporate insiders.

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.