TFI International (TFII) Shares Up 8% After Analyst Upgrade
TFI International Inc (TSE:TFII) shares shot up 8% during mid-day trading on Wednesday after BMO Capital Markets raised their price target on the stock from C$32.00 to C$33.00. BMO Capital Markets currently has a market perform rating on the stock. TFI International traded as high as C$33.64 and last traded at C$32.49. 626,315 shares changed hands during mid-day trading, an increase of 181% from the average session volume of 223,019 shares. The stock had previously closed at C$30.08.
A number of other analysts also recently weighed in on the stock. Desjardins raised shares of TFI International from a “hold” rating to a “buy” rating and increased their target price for the company from C$35.00 to C$37.00 in a research report on Wednesday. Scotiabank increased their target price on shares of TFI International from C$30.00 to C$33.00 and gave the company a “sector perform” rating in a research report on Wednesday. National Bank Financial increased their target price on shares of TFI International from C$36.00 to C$39.00 in a research report on Wednesday, January 17th. CIBC increased their target price on shares of TFI International from C$35.00 to C$36.00 in a research report on Thursday, January 4th. Finally, Royal Bank of Canada increased their target price on shares of TFI International from C$37.00 to C$38.00 and gave the company an “outperform” rating in a research report on Monday, October 30th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of C$35.71.
In other TFI International news, Director Alain Bédard sold 50,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of C$31.79, for a total transaction of C$1,589,500.00.
About TFI International
TFI International Inc, through its subsidiaries, provides transportation and logistics services in the United States, Canada, and Mexico. The company's Package and Courier segment engages in the pickup, transport, and delivery of items. Its Less-Than-Truckload segment is involved in the pickup, consolidation, transport, and delivery of smaller loads.
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