Insider Buying: TFI International Inc. Acquires Additional Shares

In recent developments, insiders at TFI International Inc. (TSE:TFII - Get Free Report) made a notable acquisition of shares. On Monday, March 3rd, the insider purchased 1,108 shares of TFI International stock. The shares were bought at an average price of C$127.30 each, resulting in a total investment amount of C$141,046.47.

The company has been active in the stock market, with other recent transactions noted as well. For instance, on Friday, February 7th, TFI International Inc. acquired 15,020 shares at an average cost of C$185.48 per share, totaling approximately C$2,785,967.73.

Current Stock Performance

As of the latest trading session on Tuesday, TFI International’s share price saw a decline of C$6.15, bringing it down to C$118.86. Trading volume reached 410,174 shares, significantly higher than the average volume of 222,479 shares. The stock's yearly performance highlights a low of C$116.50 and a high of C$220.93. With a market cap of C$7.09 billion, TFI International boasts a price-to-earnings (P/E) ratio of 15.07 and a price-to-earnings-growth (PEG) ratio of 1.01. The current debt-to-equity ratio stands at 115.17, while the current and quick ratios are 0.98 and 1.18 respectively.

Analyst Insights

Research analysts have recently shared their views on TFI International. Notably, Desjardins upgraded the company’s rating from "hold" to "buy," setting a new price target of C$236.00, adjusted from their previous target of C$204.00. Likewise, the National Bankshares increased their target price for TFI International from C$198.00 to C$223.00. Currently, MarketBeat indicates that the stock is rated as a "Moderate Buy" with a consensus target price around C$207.43.

About TFI International

TFI International Inc., alongside its subsidiaries, is engaged in providing diverse transportation and logistics services across the United States and Canada. The company's operations encompass sectors such as Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and various logistics services.

Final Thoughts

The continued insider buying, especially considering the high volume of recent acquisitions, may indicate a strong future outlook for TFI International. Investors and analysts alike are closely monitoring its performance and the strategic decisions made by insiders.

For those exploring investment opportunities, it’s advisable to review TFI International’s position and performance thoroughly before making any decisions.

Insider, Buying, Shares