TFI International (TSE:TFII) Stock Falls 14.5% – Here’s What Happened

TFI International Inc. (TSE:TFII – Get Free Report)’s stock price dropped 14.5% during trading on Friday. The company traded as low as C$131.45 and last traded at C$134.30. Approximately 442,611 shares changed hands during trading, an increase of 71% from the average daily volume of 258,835 shares. The stock had previously closed at C$157.14.

Analysts Set New Price Targets

A number of research firms recently commented on TFII. National Bank Financial lowered their price target on 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. Desjardins increased their price objective on shares of TFI International from C$221.00 to C$245.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Finally, Scotiabank reduced their price objective on shares of 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. Four analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$179.40.

Get Our Latest Stock Report on TFII

TFI International Trading Down 15.0%

The company has a debt-to-equity ratio of 111.46, a current ratio of 1.09 and a quick ratio of 1.18. The stock has a 50-day moving average price of C$172.73 and a two-hundred day moving average price of C$179.75. The stock has a market cap of C$10.98 billion, a PE ratio of 32.81, a price-to-earnings-growth ratio of 1.01 and a beta of 1.96.

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 for the quarter. The firm had revenue of C$3.18 billion for the quarter. TFI International had a net margin of 4.11% and a return on equity of 12.39%. Sell-side analysts forecast that TFI International Inc. will post 12.23 earnings per share for the current fiscal year.

TFI International Announces Dividend

The firm also recently announced 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 of this dividend was Tuesday, September 29th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.4%. TFI International’s dividend payout ratio is currently 45.70%.

Insider Buying and Selling at TFI International

In other news, Director Keith Hall sold 1,069 shares of TFI International 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 dated Thursday, August 20th. The shares were bought at an average cost of C$197.58 per share, with a total value of C$719,783.94. Following the purchase, the director directly owned 3,945 shares of the company’s stock, valued at approximately C$779,453.10. This represents a 1,206.29% increase in their position. 5.97% of the stock is currently owned by company insiders.

TFI International Company Profile

(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.

Further Reading

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