Is TransForce Inc a Sell? The Stock Declines Again

 Is TransForce Inc a Sell? The Stock Declines Again

The stock of TransForce Inc (TSE:TFI) is a huge mover today! About 131,926 shares traded hands. TransForce Inc (TSE:TFI) has risen 39.61% since April 5, 2016 and is uptrending. It has outperformed by 34.83% the S&P500.
The move comes after 7 months negative chart setup for the $2.87 billion company. It was reported on Nov, 9 by Barchart.com. We have $29.40 PT which if reached, will make TSE:TFI worth $143.50 million less.

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 -5.40% below today’s ($30.95) stock price. Transforce Inc. has been the topic of 24 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of TransForce Inc (TSE:TFI) has “Sector Perform” rating given on Friday, July 24 by Scotia Capital. The firm earned “Sector Perform” rating on Monday, October 24 by RBC Capital Markets. The stock has “Best Ideas List” rating given by RBC Capital Markets on Friday, October 16. On Monday, October 26 the stock rating was maintained by National Bank Canada with “Outperform”. Scotia Capital maintained TransForce Inc (TSE:TFI) on Friday, October 21 with “Underperform” rating. TD Securities maintained TransForce Inc (TSE:TFI) rating on Monday, October 24. TD Securities has “Hold” rating and $27 price target. Scotia Capital maintained TransForce Inc (TSE:TFI) on Friday, July 22 with “Underperform” rating.

More news for TransForce Inc (TSE:TFI) were recently published by: Business.Financialpost.com, which released: “TransForce Inc upgraded on XPO Logistics deal” on October 31, 2016. Wsj.com‘s article titled: “XPO Logistics Sells Truckload Shipping Business to TransForce for $558 Million” and published on October 27, 2016 is yet another important article.

TransForce Inc. is engaged in transportation and logistics services across Canada and the United States. The company has a market cap of $2.87 billion. The Company’s divisions include Package and Courier, Less-Than-Truckload, Truckload, Logistics and Corporate. It has a 23.37 P/E ratio. The Package and Courier segment comprises pickup, transport and delivery of items across North America.

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