FY2015 EPS Estimates for TransForce Inc Decreased by Analyst (TFI)
TransForce Inc (TSE:TFI) – Stock analysts at National Bank Financial dropped their FY2015 earnings per share (EPS) estimates for TransForce in a research report issued on Monday, according to Zacks Investment Research. National Bank Financial analyst C. Doerksen now expects that the firm will post earnings of $1.99 per share for the year, down from their previous estimate of $2.06. National Bank Financial currently has a “Outperform” rating and a $27.00 target price on the stock. National Bank Financial also issued estimates for TransForce’s FY2016 earnings at $1.93 EPS and FY2017 earnings at $2.29 EPS.
Other research analysts have also recently issued research reports about the stock. TD Securities increased their target price on shares of TransForce from C$26.00 to C$27.00 and gave the stock a “hold” rating in a report on Friday, October 30th. Canaccord Genuity increased their target price on shares of TransForce from C$31.00 to C$32.00 and gave the stock a “buy” rating in a report on Monday, October 26th. BMO Capital Markets upped their price target on shares of TransForce from C$26.00 to C$27.00 and gave the stock a “market perform” rating in a research report on Monday, October 26th. Scotiabank set a C$26.50 price target on shares of TransForce and gave the stock a “sector perform” rating in a research report on Friday, October 23rd. Finally, CIBC dropped their price target on shares of TransForce from C$31.00 to C$30.00 in a research report on Thursday, October 15th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. TransForce has an average rating of “Buy” and an average target price of C$29.21.
Shares of TransForce (TSE:TFI) traded down 2.91% during mid-day trading on Thursday, hitting $20.72. 95,888 shares of the stock traded hands. The firm has a market capitalization of $2.03 billion and a P/E ratio of 13.10. The company’s 50 day moving average is $22.74 and its 200 day moving average is $24.02. TransForce has a one year low of $19.50 and a one year high of $31.60.
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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