TFI International (TSE:TFII) Stock Price Down 20.8% – Here’s Why

TFI International Inc. (TSE:TFII) was down 20.8% on Friday . The stock traded as low as C$142.90 and last traded at C$143.78. Approximately 1,144,104 shares changed hands during trading, an increase of 618% from the average daily volume of 159,349 shares. The stock had previously closed at C$181.51.

Analyst Ratings Changes

A number of brokerages have recently commented on TFII. National Bankshares boosted their target price on shares of TFI International from C$198.00 to C$223.00 in a report on Thursday, December 5th. Desjardins raised shares of TFI International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$204.00 to C$236.00 in a research note on Monday, December 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, TFI International currently has a consensus rating of “Moderate Buy” and an average target price of C$207.43.

TFI International Stock Performance

The business has a 50-day simple moving average of C$191.74 and a 200 day simple moving average of C$196.27. The company has a debt-to-equity ratio of 115.17, a current ratio of 0.98 and a quick ratio of 1.18. The firm has a market cap of C$8.04 billion, a PE ratio of 17.09, a PEG ratio of 1.01 and a beta of 1.37.

Insider Activity at TFI International

In other news, insider TFI International Inc. acquired 15,020 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost of C$185.48 per share, with a total value of C$2,785,967.73. Also, Senior Officer David Joseph Saperstein sold 1,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$218.00, for a total transaction of C$218,000.00. In the last quarter, insiders have sold 31,000 shares of company stock worth $6,629,795. 5.97% of the stock is owned by corporate insiders.

About TFI International

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States and Canada. 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 in North America.