TFI International (TSE:TFII) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

TFI International Inc. (TSE:TFII)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$162.53 and traded as low as C$118.05. TFI International shares last traded at C$119.29, with a volume of 296,702 shares.

Wall Street Analyst Weigh In

Several analysts recently commented on TFII shares. National Bankshares raised their price objective on TFI International from C$198.00 to C$223.00 in a research note on Thursday, December 5th. Desjardins raised TFI International from a “hold” rating to a “buy” rating and raised 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$207.43.

TFI International Stock Performance

The stock has a fifty day simple moving average of C$162.53 and a 200-day simple moving average of C$185.79. The stock has a market cap of C$7.11 billion, a P/E ratio of 15.13, a PEG ratio of 1.01 and a beta of 1.37. The company has a debt-to-equity ratio of 115.17, a quick ratio of 1.18 and a current ratio of 0.98.

Insiders Place Their Bets

In related news, Director Debra Kelly-Ennis acquired 300 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was bought at an average price of C$199.76 per share, for a total transaction of C$59,927.77. Also, Director Sébastien Martel acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of C$118.95 per share, with a total value of C$237,890.00. In the last 90 days, insiders bought 23,428 shares of company stock worth $3,858,404. Corporate insiders own 5.97% of the company’s stock.

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.