The stock of TransForce Inc (TSE:TFI) reached all time high today, Nov, 14 and still has $46.30 target or 45.00% above today’s $31.93 share price. This indicates more upside for the $2.92B company. This technical setup was reported by Barchart.com. If the $46.30 PT is reached, the company will be worth $1.31B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 106,151 shares traded hands. TransForce Inc (TSE:TFI) has risen 41.51% since April 8, 2016 and is uptrending. It has outperformed by 36.52% 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. 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. The stock of TransForce Inc (TSE:TFI) earned “Best Ideas List” rating by RBC Capital Markets on Friday, October 16. The stock of TransForce Inc (TSE:TFI) has “Underperform” rating given on Friday, October 21 by Scotia Capital. The firm has “Hold” rating by TD Securities given on Monday, October 24. On Monday, October 26 the stock rating was maintained by National Bank Canada with “Outperform”. The stock of TransForce Inc (TSE:TFI) earned “Underperform” rating by Scotia Capital on Friday, July 22. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, October 24.
More important 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 article titled: “XPO Logistics Sells Truckload Shipping Business to TransForce for $558 Million”, Seekingalpha.com published: “TransForce, Inc. (TFIFF) CEO Alain BÃ©dard on Q3 2016 Results – Earnings Call …” on October 21, 2016. More interesting news about TransForce Inc (TSE:TFI) was released by: Fool.ca and their article: “TransForce Inc. Stock Is Down 30% in 12 Months: That’s an Overreaction” with publication date: February 04, 2016.
TransForce Inc. is engaged in transportation and logistics services across Canada and the United States. The company has a market cap of $2.92 billion. The Company’s divisions include Package and Courier, Less-Than-Truckload, Truckload, Logistics and Corporate. It has a 24.11 P/E ratio. The Package and Courier segment comprises pickup, transport and delivery of items across North America.
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