Is TransForce Inc a Buy? The Stock Reaches 52-Week High Today

 Is TransForce Inc a Buy? The Stock Reaches 52 Week High Today

The stock of TransForce Inc (TSE:TFI) hit a new 52-week high and has $47.11 target or 56.00% above today’s $30.20 share price. The 8 months bullish chart indicates low risk for the $3.01B company. The 1-year high was reported on Oct, 31 by Barchart.com. If the $47.11 price target is reached, the company will be worth $1.69B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 171,103 shares traded hands or 0.67% up from the average. TransForce Inc (TSE:TFI) has risen 36.41% since March 24, 2016 and is uptrending. It has outperformed by 32.93% the S&P500.

TransForce Inc (TSE:TFI) Ratings Coverage

Out of 8 analysts covering Transforce Inc. (TSE:TFI), 5 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 63% are positive. $36 is the highest target while $20.50 is the lowest. The $29.28 average target is -3.05% below today’s ($30.2) stock price. Transforce Inc. has been the topic of 24 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Friday, July 24 by Scotia Capital. Scotia Capital maintained it with “Underperform” rating and $22 target price in Friday, October 21 report. The firm has “Sector Perform” rating given on Monday, October 24 by RBC Capital Markets. As per Monday, October 24, the company rating was maintained by TD Securities. The rating was upgraded by RBC Capital Markets on Friday, October 16 to “Best Ideas List”. The firm has “Outperform” rating given on Monday, October 26 by National Bank Canada. The stock has “Underperform” rating given by Scotia Capital on Friday, July 22.

More notable recent TransForce Inc (TSE:TFI) news were published by: Wsj.com which released: “XPO Logistics Sells Truckload Shipping Business to TransForce for $558 Million” on October 27, 2016, also Business.Financialpost.com with their article: “TransForce Inc upgraded on XPO Logistics deal” published on October 31, 2016, Seekingalpha.com published: “TransForce, Inc. (TFIFF) CEO Alain Bédard on Q3 2016 Results – Earnings Call …” on October 21, 2016. More interesting news about TransForce Inc (TSE:TFI) were released by: Fool.ca and their article: “TransForce Inc. Stock Is Down 30% in 12 Months: That’s an Overreaction” published on February 04, 2016 as well as Prnewswire.com‘s news article titled: “Palladium Equity Partners Acquires TransForce, Inc., a Provider of Specialized …” with publication date: July 06, 2015.

TransForce Inc. is engaged in transportation and logistics services across Canada and the United States. The company has a market cap of $3.01 billion. The Company’s divisions include Package and Courier, Less-Than-Truckload, Truckload, Logistics and Corporate. It has a 22.8 P/E ratio. The Package and Courier segment comprises pickup, transport and delivery of items across North America.

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