TFI International (TSE:TFII) Stock Falls 14.5% – What’s Next?

TFI International Inc. (TSE:TFII) shares traded down 14.5% on Friday. The company traded as low as C$131.45 and last traded at C$134.30. Approximately 442,611 shares were traded during mid-day trading, an increase of 71% from the average session volume of 258,835 shares. The stock had previously closed at C$157.14.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. National Bank Financial decreased their target price on shares of TFI International from C$208.00 to C$160.00 and set an “outperform” rating for the company in a research note on Friday, July 10th. Scotiabank dropped their price target on 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. Finally, Desjardins upped their price target on TFI International from C$221.00 to C$245.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Four investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$179.40.

TFI International Trading Down 17.2%

The firm has a 50-day moving average price of C$171.49 and a 200-day moving average price of C$179.62. The company has a debt-to-equity ratio of 106.02, a quick ratio of 1.18 and a current ratio of 1.11. The stock has a market cap of C$10.69 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 1.01 and a beta of 1.96.

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

TFI International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 29th. TFI International’s dividend payout ratio is presently 43.52%.

Insider Transactions at TFI International

In related news, Director Keith Hall sold 1,069 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of C$205.95, for a total transaction of C$220,160.55. Also, Director Rosemary Turner purchased 3,643 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was acquired at an average price of C$197.58 per share, for a total transaction of C$719,783.94. Following the completion of the transaction, the director directly owned 3,945 shares of the company’s stock, valued at approximately C$779,453.10. This trade represents a 1,206.29% increase in their position. Insiders own 5.97% of the company’s stock.

About TFI International

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.