IT Tech Packaging (NASDAQ:TFII) Given Average Recommendation of “Buy” by Brokerages

Shares of IT Tech Packaging (NASDAQ:TFII) have been assigned a consensus rating of “Buy” from the thirteen ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $48.50.

Several brokerages recently issued reports on TFII. CIBC upped their target price on IT Tech Packaging from $55.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday. Royal Bank of Canada raised their target price on shares of IT Tech Packaging from $53.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday. Zacks Investment Research raised IT Tech Packaging from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Wednesday, June 24th. JPMorgan Chase & Co. decreased their price objective on shares of IT Tech Packaging from $36.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Finally, 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.

Shares of TFII stock opened at $43.39 on Tuesday. IT Tech Packaging has a 52-week low of $15.24 and a 52-week high of $43.60. The company’s 50 day simple moving average is $36.69.

The company also recently declared a dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.189 per share. The ex-dividend date 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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Analyst Recommendations for IT Tech Packaging (NASDAQ:TFII)

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