TFI International Inc. (TSE:TFII – Get Free Report) rose 7.6% on Thursday . The company traded as high as C$221.48 and last traded at C$221.08. 183,623 shares traded hands during trading, a decline of 23% from the average daily volume of 239,819 shares. The stock had previously closed at C$205.50.
Analysts Set New Price Targets
Several equities analysts recently commented on TFII shares. National Bank Financial cut their target price on TFI International from C$208.00 to C$160.00 and set an “outperform” rating for the company in a research report on Friday, July 10th. Citigroup lifted their price objective on TFI International from C$143.00 to C$144.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. Desjardins upped their target price on shares of TFI International from C$183.00 to C$221.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, Scotiabank increased their target price on shares of TFI International from C$170.00 to C$200.00 in a research report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$167.60.
Read Our Latest Analysis on TFII
TFI International Stock Up 6.9%
TFI International (TSE:TFII – Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The company reported C$0.96 earnings per share (EPS) for the quarter. The business had revenue of C$2.71 billion for the quarter. TFI International had a net margin of 3.79% and a return on equity of 11.18%. Equities research analysts forecast that TFI International Inc. will post 12.2345048 earnings per share for the current year.
Insiders Place Their Bets
In other news, Director Diane Giard acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of C$183.86 per share, for a total transaction of C$367,720.00. Following the transaction, the director owned 13,593 shares of the company’s stock, valued at approximately C$2,499,208.98. This represents a 17.25% increase in their ownership of the stock. Also, Director Alain Bédard sold 13,500 shares of TFI International stock in a transaction on Thursday, May 28th. The shares were sold at an average price of C$206.50, for a total value of C$2,787,750.00. Following the completion of the sale, the director directly owned 200,009 shares of the company’s stock, valued at C$41,301,858.50. This trade represents a 6.32% decrease in their ownership of the stock. In the last quarter, 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.
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