Scotiabank Raises IT Tech Packaging (NASDAQ:TFII) Price Target to $65.00

IT Tech Packaging (NASDAQ:TFII) had its price objective boosted by Scotiabank from $54.00 to $65.00 in a report released on Wednesday morning, The Fly reports. The firm currently has an outperform rating on the stock.

Several other research analysts also recently weighed in on TFII. 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. Morgan Stanley upped their target price on IT Tech Packaging from $40.00 to $44.00 and gave the stock an overweight rating in a research note on Monday, July 6th. Credit Suisse Group upped their target price on IT Tech Packaging from $45.00 to $52.00 and gave the stock an outperform rating in a research note on Wednesday. CIBC raised IT Tech Packaging from a sector underperform rating to a neutral rating and set a $47.00 price objective for the company in a research note on Monday, June 15th. Finally, JPMorgan Chase & Co. reduced their price objective on 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. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. IT Tech Packaging currently has an average rating of Buy and a consensus price target of $48.50.

Shares of TFII stock opened at $43.39 on Wednesday. The stock’s 50 day simple moving average is $36.69. IT Tech Packaging has a 1-year low of $15.24 and a 1-year high of $43.60.

The business 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 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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The Fly

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