IT Tech Packaging (NASDAQ:TFII) Price Target Raised to $52.00 at Credit Suisse Group

IT Tech Packaging (NASDAQ:TFII) had its target price lifted by Credit Suisse Group from $45.00 to $52.00 in a report released on Wednesday, The Fly reports. Credit Suisse Group currently has an outperform rating on the stock.

A number of other equities analysts also recently commented on the company. CIBC upgraded IT Tech Packaging from a sector underperform rating to a neutral rating and set a $47.00 price objective on the stock in a research report on Monday, June 15th. JPMorgan Chase & Co. reduced their target price on IT Tech Packaging from $36.00 to $32.00 and set an overweight rating on the stock in a research report on Thursday, April 23rd. Morgan Stanley lifted their target price on IT Tech Packaging from $40.00 to $44.00 and gave the company an overweight rating in a research report on Monday, July 6th. Scotiabank upgraded IT Tech Packaging from a sector perform rating to a sector outperform rating in a research report on Tuesday, June 9th. Finally, Zacks Investment Research raised IT Tech Packaging from a hold rating to a buy rating and set a $37.00 price objective for the company in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $48.50.

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

The business also recently announced a dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.189 per share. The ex-dividend date of this dividend 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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The Fly

Analyst Recommendations for IT Tech Packaging (NASDAQ:TFII)

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