TFI International (TSE:TFII) Sets New 52-Week High – Time to Buy?

TFI International Inc. (TSE:TFII)’s stock price reached a new 52-week high on Thursday . The company traded as high as C$213.12 and last traded at C$209.73, with a volume of 208008 shares trading hands. The stock had previously closed at C$208.28.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TFII. National Bank Financial raised their price objective on shares of TFI International from C$190.00 to C$208.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Citigroup lifted their price target on shares of TFI International from C$143.00 to C$144.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Scotiabank lifted their price target on shares of TFI International from C$170.00 to C$200.00 in a research note on Tuesday, April 28th. Finally, Desjardins lifted their price target on shares of TFI International from C$183.00 to C$221.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, TFI International currently has a consensus rating of “Moderate Buy” and a consensus price target of C$177.20.

TFI International Price Performance

The firm’s 50-day moving average is C$175.09 and its 200-day moving average is C$155.92. The company has a debt-to-equity ratio of 119.57, a current ratio of 1.07 and a quick ratio of 1.18. The company has a market capitalization of C$17.24 billion, a P/E ratio of 58.42, a price-to-earnings-growth ratio of 1.01 and a beta of 1.49.

TFI International (TSE:TFII) last announced its earnings results on Monday, April 27th. The company reported C$0.96 earnings per share (EPS) for the quarter. TFI International had a net margin of 3.79% and a return on equity of 11.18%. The company had revenue of C$2.71 billion during the quarter. Analysts predict that TFI International Inc. will post 12.2345048 EPS for the current fiscal year.

TFI International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.88 annualized dividend and a yield of 0.9%. TFI International’s payout ratio is currently 51.25%.

Insider Buying and Selling at TFI International

In other TFI International news, Director Alain Bédard sold 11,700 shares of TFI International stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of C$197.31, for a total transaction of C$2,308,527.00. Following the transaction, the director owned 213,509 shares of the company’s stock, valued at C$42,127,460.79. The trade was a 5.20% decrease in their ownership of the stock. Also, Director Diane Giard purchased 2,000 shares of the 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 acquisition, the director directly 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. Insiders own 5.97% of the company’s stock.

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.