TFI International (TSE:TFII) Stock Passes Below 50 Day Moving Average – Time to Sell?

TFI International Inc. (TSE:TFII) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$195.59 and traded as low as C$175.17. TFI International shares last traded at C$176.14, with a volume of 198,375 shares changing hands.

Wall Street Analyst Weigh In

TFII has been the subject of several research reports. Desjardins upped their price target on shares of TFI International from C$221.00 to C$245.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Scotiabank raised shares of TFI International from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from C$200.00 to C$260.00 in a report on Thursday, July 16th. Finally, National Bank Financial reduced their price objective 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. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, TFI International has an average rating of “Buy” and an average target price of C$184.40.

TFI International Price Performance

The firm has a 50 day simple moving average of C$194.92 and a 200-day simple moving average of C$188.29. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 111.46. The company has a market cap of C$14.40 billion, a PE ratio of 43.05, a price-to-earnings-growth ratio of 1.01 and a beta of 1.85.

TFI International (TSE:TFII) last released its quarterly earnings results on Monday, July 27th. The company reported C$2.63 EPS for the quarter. TFI International had a net margin of 4.11% and a return on equity of 12.39%. The business had revenue of C$3.25 billion during the quarter. As a group, research analysts predict that TFI International Inc. will post 12.2345048 earnings per share for the current fiscal year.

TFI International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 15th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $1.88 dividend on an annualized basis and a yield of 1.1%. TFI International’s dividend payout ratio is presently 45.70%.

Insider Activity at TFI International

In other news, Director Rosemary Turner bought 3,643 shares of the stock in a transaction on Thursday, August 20th. The stock was bought at an average cost of C$197.58 per share, for a total transaction of C$719,783.94. Following the completion of the purchase, the director directly owned 3,945 shares in the company, valued at approximately C$779,453.10. The trade was a 1,206.29% increase in their ownership of the stock. Also, Director Keith Hall sold 1,069 shares of TFI International stock in a transaction on Monday, August 17th. The stock was sold at an average price of C$205.95, for a total transaction of C$220,160.55. 5.97% of the stock is owned by company insiders.

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.