IT Tech Packaging (NASDAQ:TFII) Price Target Raised to $62.00 at Royal Bank of Canada
IT Tech Packaging (NASDAQ:TFII) had its price objective hoisted by Royal Bank of Canada from $53.00 to $62.00 in a research note published on Wednesday, The Fly reports. The brokerage currently has an outperform rating on the stock.
A number of other equities analysts have also commented on TFII. Zacks Investment Research upgraded IT Tech Packaging from a hold rating to a buy rating and set a $37.00 price objective on the stock in a research note on Wednesday, June 24th. 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 report on Thursday, April 23rd. Cowen lowered their price objective 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. Morgan Stanley upped 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, CIBC upgraded shares of IT Tech Packaging from a sector underperform rating to a neutral rating and set a $47.00 price target on the stock in a research report on Monday, June 15th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. IT Tech Packaging presently has a consensus rating of Buy and a consensus price target of $48.50.
IT Tech Packaging 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 stock’s fifty day moving average price 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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