Royal Bank of Canada Raises IT Tech Packaging (NASDAQ:TFII) Price Target to $62.00

IT Tech Packaging (NASDAQ:TFII) had its target price increased by Royal Bank of Canada from $53.00 to $62.00 in a research report released on Wednesday, The Fly reports. The firm currently has an outperform rating on the stock.

A number of other brokerages also recently commented on TFII. Credit Suisse Group lifted their price objective on IT Tech Packaging from $45.00 to $52.00 and gave the stock an outperform rating in a research report on Wednesday. CIBC raised IT Tech Packaging from a sector underperform rating to a neutral rating and set a $47.00 target price for the company in a research note on Monday, June 15th. Scotiabank lifted their price objective on IT Tech Packaging from $54.00 to $65.00 and gave the company an outperform rating in a research note on Wednesday. Zacks Investment Research raised IT Tech Packaging from a hold rating to a buy rating and set a $37.00 target price for the company in a research note on Wednesday, June 24th. Finally, Cowen lowered their target price on IT Tech Packaging from $46.00 to $35.00 and set an outperform rating for the company in a research note on Wednesday, April 22nd. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. IT Tech Packaging presently has an average rating of Buy and an average target price of $48.50.

Shares of TFII stock opened at $43.39 on Wednesday. IT Tech Packaging has a fifty-two week low of $15.24 and a fifty-two week high of $43.60. The company has a 50-day moving average price of $36.69.

The business also recently disclosed a dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.189 per share. The ex-dividend date was Monday, June 29th.

About IT Tech Packaging

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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