After Reaching 52-Week High, Is TransForce Inc’s Near-Term Analysis Positive?

 After Reaching 52 Week High, Is TransForce Inc's Near Term Analysis Positive?

The stock of TransForce Inc (TSE:TFI) hit a new 52-week high and has $36.12 target or 4.00% above today’s $34.73 share price. The 9 months bullish chart indicates low risk for the $3.14B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $36.12 price target is reached, the company will be worth $125.60 million 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 165,705 shares traded hands. TransForce Inc (TSE:TFI) has risen 45.95% since April 27, 2016 and is uptrending. It has outperformed by 40.02% 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 -15.69% below today’s ($34.73) stock price. Transforce Inc. has been the topic of 24 analyst reports since July 24, 2015 according to StockzIntelligence Inc. RBC Capital Markets upgraded TransForce Inc (TSE:TFI) on Friday, October 16 to “Best Ideas List” rating. The firm earned “Sector Perform” rating on Monday, October 24 by RBC Capital Markets. On Monday, October 24 the stock rating was maintained by TD Securities with “Hold”. Scotia Capital maintained the shares of TFI in a report on Friday, October 21 with “Underperform” rating. The stock of TransForce Inc (TSE:TFI) earned “Outperform” rating by National Bank Canada on Monday, October 26. The firm has “Sector Perform” rating by Scotia Capital given on Friday, July 24. The company was maintained on Friday, July 22 by Scotia Capital.

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 $3.14 billion. The Company’s divisions include Package and Courier, Less-Than-Truckload, Truckload, Logistics and Corporate. It has a 26.22 P/E ratio. The Package and Courier segment comprises pickup, transport and delivery of items across North America.

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