TFI International (TSE:TFII) Stock: Insider John Pratt Purchases 1,567 Shares

TFI International Inc. (TSE:TFII) Director John Pratt purchased 1,567 shares of the firm’s stock in a transaction on Tuesday, November 3rd. The shares were purchased at an average price of C$134.97 per share, with a total value of C$211,497.99. Following the completion of the acquisition, the director directly owned 9,580 shares of the company’s stock, valued at approximately C$1,293,012.60. This trade represents a 19.56% increase in their ownership of the stock.

TFI International Trading Up 3.6%

Shares of TSE:TFII opened at C$140.06 on Thursday. The company has a market cap of C$11.51 billion, a P/E ratio of 32.42, a P/E/G ratio of 1.01 and a beta of 1.80. The stock’s 50-day moving average is C$168.30 and its 200-day moving average is C$179.34. TFI International Inc. has a 52-week low of C$113.72 and a 52-week high of C$233.85. 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 (TSE:TFII) last posted its quarterly earnings data on Thursday, October 29th. The company reported C$2.38 earnings per share for the quarter. TFI International had a return on equity of 12.95% and a net margin of 4.22%. The business had revenue of C$3.18 billion during the quarter. Equities research analysts predict that TFI International Inc. will post 12.23 earnings per share for the current year.

TFI International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.88 dividend on an annualized basis and a yield of 1.3%. TFI International’s dividend payout ratio (DPR) is 43.52%.

Key TFI International News

Here are the key news stories impacting TFI International this week:

• Positive Sentiment: Multiple directors increased their holdings, with purchases ranging from about C$181,000 to C$2.64 million. The broad-based insider buying could bolster investor confidence. Insider buying report
• Negative Sentiment: Recent analyst price-target reductions and reports of difficulty improving the UPS freight business TFI acquired remain potential headwinds, raising concerns about operating performance and expectations. TD Cowen target update Report on the UPS freight business

Analysts Set New Price Targets

Several research analysts have commented on the company. Scotiabank dropped their price target on 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. Desjardins increased their price objective on TFI International from C$221.00 to C$245.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Finally, National Bank Financial lowered their price objective on shares of TFI International from C$208.00 to C$160.00 and set an “outperform” rating on the stock in a research note on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$179.40.

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.