TFI International (TSE:TFII) Reaches New 1-Year Low - What's Next?

TFI International Inc. (TSE:TFII) has encountered rough waters, as its share price hit a new 52-week low during trading on Friday. The stock dropped to a low of C$115.50 before settling at C$115.98, with a trading volume of 6,896 shares. Prior to this drop, the closing price was C$117.43.

Analyst Ratings

Numerous research firms have recently reviewed TFI International. National Bankshares raised their price target for TFI International from C$198.00 to C$223.00 in a report released on December 5th. Meanwhile, Desjardins upgraded their recommendation for TFI International from a "hold" rating to a "buy" rating and increased their price target from C$204.00 to C$236.00 on December 9th. Currently, one analyst rates the stock as a hold, while four others recommend buying it. According to MarketBeat, the average rating for TFI International stands at "Moderate Buy," with a consensus target price of C$207.43.

Recent Stock Performance

Todate, the stock has declined by 3.6%. TFI International now boasts a market capitalization of C$6.75 billion and a P/E ratio of 14.35. Its price-to-earnings growth ratio is 1.01, and it has a beta of 1.37. Current averages show a 50-day simple moving average at C$155.05 and a 200-day simple moving average at C$182.86. The company's debt-to-equity ratio is reported at 115.17, with a current ratio of 0.98 and a quick ratio of 1.18.

Insider Transactions

In insider news, Director John Pratt acquired 2,000 shares of the company on March 7th at an average price of C$120.50 per share, totaling C$240,994.08. Additionally, on February 7th, TFI International Inc. itself bought 15,020 shares at an average cost of C$185.48, amounting to C$2,785,967.73. Over the past ninety days, insiders have purchased 23,128 shares valued at approximately C$3,798,476, representing 5.97% of the company’s stock ownership.

Corporate Overview

TFI International Inc. operates across the United States and Canada, providing a range of transportation and logistics services through its various segments, including Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics. Their Package and Courier segment is responsible for the pick-up, movement, and delivery of items throughout North America.

Investment Considerations

Before considering an investment of C$1,000 in TFI International, it's essential to evaluate other options. Though current analyses rate TFI International as a Moderate Buy, there are predictions highlighting five alternative stocks that might present better investment opportunities. Understanding the potential for growth in the wider market is crucial before making any decisions.

TFI, Stocks, Investment