The stock of TransForce Inc (TSE:TFI) hit a new 52-week high and has $52.10 target or 56.00% above today’s $33.40 share price. The 7 months bullish chart indicates low risk for the $3.05 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $52.10 price target is reached, the company will be worth $1.71B 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 181,240 shares traded hands. TransForce Inc (TSE:TFI) has risen 43.76% since April 15, 2016 and is uptrending. It has outperformed by 39.90% 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 -12.34% below today’s ($33.4) stock price. Transforce Inc. has been the topic of 24 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Monday, October 24 with “Sector Perform”. The rating was maintained by TD Securities with “Hold” on Monday, October 24. On Friday, July 24 the stock rating was maintained by Scotia Capital with “Sector Perform”. The rating was upgraded by RBC Capital Markets to “Best Ideas List” on Friday, October 16. National Bank Canada maintained the shares of TFI in a report on Monday, October 26 with “Outperform” rating. Scotia Capital maintained TransForce Inc (TSE:TFI) on Friday, October 21 with “Underperform” rating. On Friday, July 22 the stock rating was maintained by Scotia Capital with “Underperform”.
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 $3.05 billion. The Company’s divisions include Package and Courier, Less-Than-Truckload, Truckload, Logistics and Corporate. It has a 25.22 P/E ratio. The Package and Courier segment comprises pickup, transport and delivery of items across North America.
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