Shares of TransForce Inc (TSE:TFI) have earned a consensus recommendation of “Buy” from the twelve ratings firms that are covering the firm, Market Beat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$29.21.

TransForce (TSE:TFI) opened at 21.41 on Friday. TransForce has a 52 week low of $19.50 and a 52 week high of $31.60. The company has a market capitalization of $2.10 billion and a PE ratio of 13.53. The firm has a 50-day moving average of $22.79 and a 200-day moving average of $24.04.

Several analysts have weighed in on the stock. National Bank Financial reiterated an “outperform” rating and issued a C$29.00 price objective on shares of TransForce in a research note on Monday, October 26th. RBC Capital lifted their price objective on shares of TransForce from C$28.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Monday, October 26th. BMO Capital Markets lifted their price objective on shares of TransForce from C$26.00 to C$27.00 and gave the stock a “market perform” rating in a research note on Monday, October 26th. Canaccord Genuity lifted their price objective on shares of TransForce from C$31.00 to C$32.00 and gave the stock a “buy” rating in a research note on Monday, October 26th. Finally, TD Securities lifted their price objective on shares of TransForce from C$26.00 to C$27.00 and gave the stock a “hold” rating in a research note on Friday, October 30th.

TransForce Inc. is engaged in the provision of transportation and logistics services across Canada and the United States. The Company offers services to five segments: Package and Courier, which includes pickup, transport and delivery of items across North America; Less-Than-Truckload, which offers pickup, consolidation, transport and delivery of smaller loads; Truckload, which carries loads directly from the customer to the destination using a closed van or specialized equipment, which includes expedited transportation, flatbed, container and dedicated services; Waste Management, which offers services for integrated residual materials management, ranging from collection to disposal, through conversion and recycling, to meet specific needs of its clients in municipal, industrial, commercial and institutional sectors, and Logistics and Other Services, which offers logistics services and rig moving services.

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