IT Tech Packaging (NASDAQ:TFII) had its price target upped by Scotiabank from $54.00 to $65.00 in a report published on Wednesday, The Fly reports. The brokerage currently has an outperform rating on the stock.
Several other equities research analysts also recently weighed in on TFII. Credit Suisse Group increased their target price 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. Zacks Investment Research raised shares of IT Tech Packaging from a hold rating to a buy rating and set a $37.00 target price on the stock in a research note on Wednesday, June 24th. CIBC raised shares of IT Tech Packaging from a sector underperform rating to a neutral rating and set a $47.00 target price on the stock in a research note on Monday, June 15th. Morgan Stanley increased their target price on shares of IT Tech Packaging from $40.00 to $44.00 and gave the company an overweight rating in a research note on Monday, July 6th. Finally, Cowen reduced their target price on shares of IT Tech Packaging from $46.00 to $35.00 and set an outperform rating on the stock in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $48.50.
IT Tech Packaging stock opened at $43.39 on Wednesday. IT Tech Packaging has a 52-week low of $15.24 and a 52-week high of $43.60. The company’s fifty day simple moving average is $36.69.
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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