Key Points
- Director Debra Kelly-Ennis bought 1,600 TFI International shares for C$209,408, increasing her holdings by 16.48% to 11,307 shares.
- Four directors purchased roughly C$3.35 million in shares altogether, while TD Cowen and CIBC sharply reduced their price targets.
- TFI reported quarterly EPS of C$2.38 on C$3.18 billion in revenue; concerns include challenges turning around the freight business acquired from UPS.
TFI International Inc. (TSE:TFII - Get Free Report) Director Debra Kelly-Ennis purchased 1,600 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was purchased at an average cost of C$130.88 per share, with a total value of C$209,408.00. Following the purchase, the director owned 11,307 shares in the company, valued at C$1,479,860.16. This represents a 16.48% increase in their position.
TFI International Trading Up 0.7%
TSE:TFII opened at C$135.14 on Wednesday. The company has a market capitalization of C$11.11 billion, a P/E ratio of 31.28, a P/E/G ratio of 1.01 and a beta of 1.80. The stock's 50 day moving average price is C$169.21 and its 200 day moving average price is C$179.42. The company has a debt-to-equity ratio of 106.02, a quick ratio of 1.18 and a current ratio of 1.11. TFI International Inc. has a 52 week low of C$113.72 and a 52 week high of C$233.85.
TFI International (TSE:TFII - Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported C$2.38 earnings per share (EPS) for the quarter. The firm had revenue of C$3.18 billion during the quarter. TFI International had a net margin of 4.22% and a return on equity of 12.95%. On average, research analysts forecast that TFI International Inc. will post 12.23 EPS for the current fiscal year.
TFI International Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, September 29th. This represents a $1.88 annualized dividend and a dividend yield of 1.4%. TFI International's dividend payout ratio is 43.52%.
Key TFI International News
Here are the key news stories impacting TFI International this week:
- Positive Sentiment: Four directors bought shares, totaling about C$3.35 million. Alain Bédard led with a C$2.64 million purchase; Debra Kelly-Ennis, Steven Mayer and John Pratt also added shares. The cluster of purchases may signal that insiders see value at recent prices. Insider buying report
- Negative Sentiment: TD Cowen cut its TFI International price target to $119 from $158, and CIBC lowered its target to $120 from $158. The sharp reductions could pressure sentiment by signaling more cautious expectations. TD Cowen price-target report CIBC price-target report
- Negative Sentiment: A Globe and Mail report says TFI is struggling to turn around the freight business it acquired from UPS. Continued difficulty improving that operation could weigh on results and reinforce concerns behind the lower analyst targets. Globe and Mail report on UPS Freight
Analyst Ratings Changes
A number of research analysts have recently weighed in on TFII shares. National Bank Financial cut their price target on shares of TFI International from C$208.00 to C$160.00 and set an "outperform" rating on the stock in a report on Friday, July 10th. Scotiabank decreased their price objective on shares of TFI International from C$263.00 to C$235.00 and set a "sector outperform" rating for the company in a report on Thursday, October 15th. Finally, Desjardins increased their target price 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. Four investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$179.40.
Read Our Latest Analysis on TFII
About TFI International
(
Get Free Report)
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.
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