TFI International (TSE:TFII) Rating Lowered to Sector Perform at Scotiabank

Scotiabank cut shares of TFI International (TSE:TFIIFree Report) from an outperform rating to a sector perform rating in a report released on Monday, BayStreet.CA reports. The firm currently has C$215.00 price objective on the stock, up from their prior price objective of C$180.00.

TFII has been the subject of several other reports. Desjardins lifted their price objective on TFI International from C$182.00 to C$208.00 and gave the stock a buy rating in a research report on Monday, January 8th. National Bankshares lifted their price objective on TFI International from C$178.00 to C$183.00 in a research report on Thursday, December 14th. Royal Bank of Canada reduced their target price on TFI International from C$155.00 to C$153.00 and set an outperform rating for the company in a research note on Tuesday, September 26th. Finally, BMO Capital Markets lifted their price target on TFI International from C$122.00 to C$130.00 and gave the company a market perform rating in a research note on Monday, January 8th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of C$172.67.

View Our Latest Stock Analysis on TFII

TFI International Trading Down 0.5 %

TSE TFII traded down C$0.96 on Monday, reaching C$180.40. The company had a trading volume of 165,349 shares, compared to its average volume of 139,870. The firm has a market cap of C$15.50 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 1.01 and a beta of 1.37. TFI International has a fifty-two week low of C$137.36 and a fifty-two week high of C$188.44. The business has a 50 day moving average of C$168.90 and a two-hundred day moving average of C$168.20. The company has a debt-to-equity ratio of 77.23, a current ratio of 1.23 and a quick ratio of 1.18.

TFI International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Monday, January 15th were issued a dividend of $0.40 per share. This is a boost from TFI International’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.60 dividend on an annualized basis and a yield of 0.89%. TFI International’s payout ratio is presently 26.21%.

Insider Buying and Selling

In related news, Senior Officer David Joseph Saperstein sold 4,882 shares of the company’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of C$178.00, for a total value of C$868,996.00. 5.87% of the stock is currently owned by corporate insiders.

About TFI International

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TFI International Inc provides transportation and logistics services in the United States, Canada, and Mexico. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items.

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Analyst Recommendations for TFI International (TSE:TFII)

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