02:24:30 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



TransForce Inc (2)
Symbol TFI
Shares Issued 102,346,235
Close 2015-03-04 C$ 29.76
Market Cap C$ 3,045,823,954
Recent Sedar Documents

Globe says TransForce hiked to "buy" from "hold"

2015-03-05 06:36 ET - In the News

The Globe and Mail reports in its Thursday, March 5, edition that Canaccord Genuity analyst David Tyerman is expecting an improved return from TransForce ($29.76). The Globe's David Kennedy writes in the Eye On Equities column that Mr. Tyerman elevated his rating on the Montreal-based transportation and logistics company to "buy" from "hold." Mr. Tyerman says, "We continue to believe TransForce should produce good earnings improvement in 2015 and beyond from margin expansion driven by operational improvements at existing operations and synergies from recent acquisitions." The Canaccord stockpicker figures strong earnings per share growth through 2017 will drive share prices up. He raised his target price for TransForce to $33 from $31. Analysts on average target the shares at $32.17. BMO Nesbitt Burns analyst Fadi Chamoun rated TransForce "outperform" in The Globe on Sept. 9, 2013. The shares were then worth $20.80. Mr. Chamoun cut his rating on TransForce to "underperform" from "market perform" in the Eye column on Jan. 20, 2015. He maintained his target price at $28. In the item, Mr. Chamoun said he was dubious TransForce would meet its ambitious profit targets. The shares were then going for $29.38.

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