TransForce Inc (TSE:TFI) had its price objective cut by National Bank Financial from C$29.00 to C$27.00 in a report issued on Tuesday morning, MarketBeat.Com reports. They currently have an outperform rating on the stock.

Shares of TransForce (TSE:TFI) opened at 20.79 on Tuesday. TransForce has a 1-year low of $19.50 and a 1-year high of $31.60. The firm’s 50 day moving average price is $22.67 and its 200-day moving average price is $24.00. The company has a market capitalization of $2.04 billion and a P/E ratio of 13.14.

Other equities research analysts have also recently issued reports about the company. CIBC decreased their price objective on TransForce from C$31.00 to C$30.00 in a research note on Thursday, October 15th. RBC Capital upgraded TransForce to a best ideas list rating in a research note on Friday, October 16th. Canaccord Genuity increased their price target on TransForce from C$31.00 to C$32.00 and gave the company a buy rating in a research note on Monday, October 26th. TD Securities increased their price target on TransForce from C$26.00 to C$27.00 and gave the company a hold rating in a research note on Friday, October 30th. Finally, BMO Capital Markets increased their price target on TransForce from C$26.00 to C$27.00 and gave the company a market perform rating in a research note on Monday, October 26th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of C$29.21.

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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