TFI International (TSE: TFII) Receives “Buy” Rating from Cowen

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TFI International (TSE:TFII – Get a Rating)The stock had its “buy” rating restated by Cowen equity researchers in a note released Monday to investors, Stock Target Advisor reports. They currently have a price target of C$102.00 on the stock. Cowen’s price target would point to a potential upside of 0.69% from the stock’s previous close.

A number of other brokerages have also recently released reports on TFII. Scotiabank raised its price target on TFI International from C$135.00 to C$138.00 in a research report on Monday. National Bank Financial raised its price target on TFI International to C$160.00 and gave the stock an “outperform” rating in a Wednesday, Feb. 9 report. Cowen reiterated a “buy” rating and issued a target price of C$102.00 on TFI International shares in a report on Monday. Royal Bank of Canada raised its price target on TFI International to C$158.50 and gave the stock an “outperform” rating in a Wednesday, February 9, report. Finally, National Bankshares raised its price target on TFI International from C$142.00 to C$146.00 and gave the stock an “outperform” rating in a report released on Monday. Two investment analysts gave the stock a hold rating and eleven gave the stock a buy rating. According to MarketBeat, TFI International currently has an average buy rating and an average target price of C$129.33.

Shares of TFII traded lower C$2.04 at midday on Monday, hitting C$101.30. 282,635 shares of the company were traded, against an average volume of 326,719. TFI International has a 52-week low of C$99.47 and a 52-week high of C$148.63. The company has a debt ratio of 91.76, a quick ratio of 0.77 and a current ratio of 0.83. The stock has a market capitalization of C$9.33 billion and a PE ratio of 11.34. The company has a 50-day simple moving average of C$120.78 and a 200-day simple moving average of C$129.52.

In addition, director Alain Bédard sold 15,000 shares of TFI International in a transaction that took place on Thursday, March 17. The stock was sold at an average price of CA$128.81, for a total transaction of CA$1,932,150.00. As a result of the transaction, the administrator now owns 4,191,111 shares of the company, valued at C$539,857,007.91. In the past ninety days, insiders have sold 90,000 shares of the company worth $12,031,850.

TFI International Company Profile (Get a rating)

TFI International Inc provides transportation and logistics services in the United States, Canada and Mexico. The Company operates through Parcels and Courier, Less than Truckload (LTL), Full Truckload (TL) and Logistics segments. The Parcel and Courier segment is engaged in the collection, transportation and delivery of items.

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