Today TransForce Inc Stock Reaches 52-Week High

 Today TransForce Inc Stock Reaches 52 Week High

The stock of TransForce Inc (TSE:TFI) hit a new 52-week high and has $49.60 target or 57.00% above today’s $31.59 share price. The 6 months bullish chart indicates low risk for the $2.99 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $49.60 price target is reached, the company will be worth $1.70B 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 17,087 shares traded hands. TransForce Inc (TSE:TFI) has risen 40.94% since April 7, 2016 and is uptrending. It has outperformed by 34.80% 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 -7.31% below today’s ($31.59) 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 Monday, October 24 by RBC Capital Markets. The rating was maintained by TD Securities on Monday, October 24 with “Hold”. On Friday, July 22 the stock rating was maintained by Scotia Capital with “Underperform”. National Bank Canada maintained TransForce Inc (TSE:TFI) rating on Monday, October 26. National Bank Canada has “Outperform” rating and $29 price target. The firm earned “Best Ideas List” rating on Friday, October 16 by RBC Capital Markets. The company was maintained on Friday, July 24 by Scotia Capital. Scotia Capital maintained TransForce Inc (TSE:TFI) rating on Friday, October 21. Scotia Capital has “Underperform” rating and $22 price target.

More recent TransForce Inc (TSE:TFI) news were published by: Business.Financialpost.com which released: “TransForce Inc upgraded on XPO Logistics deal” on October 31, 2016. Also Wsj.com published the news titled: “XPO Logistics Sells Truckload Shipping Business to TransForce for $558 Million” on October 27, 2016. Seekingalpha.com‘s news article titled: “TransForce, Inc. (TFIFF) CEO Alain Bédard on Q3 2016 Results – Earnings Call …” with publication date: October 21, 2016 was also an interesting one.

TransForce Inc. is engaged in transportation and logistics services across Canada and the United States. The company has a market cap of $2.99 billion. The Company’s divisions include Package and Courier, Less-Than-Truckload, Truckload, Logistics and Corporate. It has a 23.85 P/E ratio. The Package and Courier segment comprises pickup, transport and delivery of items across North America.

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