IT Tech Packaging (NASDAQ:TFII) had its price objective raised by BMO Capital Markets from $54.00 to $62.00 in a research report report published on Wednesday, The Fly reports. The firm currently has an outperform rating on the stock.
A number of other brokerages have also recently commented on TFII. CIBC upgraded shares of IT Tech Packaging from a sector underperform rating to a neutral rating and set a $47.00 price target for the company in a research note on Monday, June 15th. Zacks Investment Research upgraded shares of IT Tech Packaging from a hold rating to a buy rating and set a $37.00 price target for the company in a research note on Wednesday, June 24th. JPMorgan Chase & Co. cut their price target on shares of IT Tech Packaging from $36.00 to $32.00 and set an overweight rating for the company in a research note on Thursday, April 23rd. Scotiabank increased their price target on shares of IT Tech Packaging from $54.00 to $65.00 and gave the company an outperform rating in a research note on Wednesday. Finally, Credit Suisse Group increased their price target on shares of IT Tech Packaging from $45.00 to $52.00 and gave the company an outperform rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $48.50.
Shares of TFII opened at $43.39 on Wednesday. IT Tech Packaging has a 12 month low of $15.24 and a 12 month high of $43.60. The stock’s fifty day simple moving average is $36.69.
The company also recently announced a dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.189 dividend. The ex-dividend date of this dividend was Monday, June 29th.
IT Tech Packaging Company Profile
TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States, Canada, and Mexico. The company operates through Package and Courier, Less-Than-Truckload, Truckload, and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items.
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