After Reaching All-Time High, Is TransForce Inc’s Near-Term Analysis Positive?

 After Reaching All Time High, Is TransForce Inc's Near Term Analysis Positive?

The stock of TransForce Inc (TSE:TFI) reached all time high today, Nov, 24 and still has $36.02 target or 8.00% above today’s $33.35 share price. This indicates more upside for the $3.02B company. This technical setup was reported by Barchart.com. If the $36.02 PT is reached, the company will be worth $241.60 million 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 14,711 shares traded hands. TransForce Inc (TSE:TFI) has risen 50.31% since April 20, 2016 and is uptrending. It has outperformed by 44.90% 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 -12.20% below today’s ($33.35) stock price. Transforce Inc. has been the topic of 24 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Friday, October 21, the company rating was maintained by Scotia Capital. The stock of TransForce Inc (TSE:TFI) has “Underperform” rating given on Friday, July 22 by Scotia Capital. National Bank Canada maintained TransForce Inc (TSE:TFI) on Monday, October 26 with “Outperform” rating. The stock has “Sector Perform” rating given by RBC Capital Markets on Monday, October 24. The firm has “Hold” rating given on Monday, October 24 by TD Securities. The rating was maintained by Scotia Capital on Friday, July 24 with “Sector Perform”. The rating was upgraded by RBC Capital Markets to “Best Ideas List” on Friday, October 16.

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 Bédard 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 $3.02 billion. The Company’s divisions include Package and Courier, Less-Than-Truckload, Truckload, Logistics and Corporate. It has a 25.18 P/E ratio. The Package and Courier segment comprises pickup, transport and delivery of items across North America.

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