IT Tech Packaging (NASDAQ:TFII) PT Raised to $62.00 at CIBC

IT Tech Packaging (NASDAQ:TFII) had its price target lifted by equities researchers at CIBC from $61.00 to $62.00 in a research report issued on Wednesday, The Fly reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s target price suggests a potential upside of 44.86% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. National Bank Financial began coverage on IT Tech Packaging in a research note on Tuesday, August 18th. They issued a “buy” rating and a $65.00 price target on the stock. Royal Bank of Canada raised their price objective on IT Tech Packaging from $62.00 to $68.00 and gave the company an “outperform” rating in a research note on Friday, September 4th. Credit Suisse Group raised their price objective on IT Tech Packaging from $45.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Scotiabank increased their target price on IT Tech Packaging from $54.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Finally, Stifel Nicolaus raised their price objective on IT Tech Packaging from $64.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $54.33.

Shares of TFII traded up $0.53 on Wednesday, hitting $42.80. The company’s stock had a trading volume of 3,062 shares, compared to its average volume of 157,953. The business has a fifty day moving average of $44.00. IT Tech Packaging has a fifty-two week low of $15.24 and a fifty-two week high of $46.09.

IT Tech Packaging (NASDAQ:TFII) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.41. The business had revenue of $803.52 million during the quarter, compared to analyst estimates of $816.00 million.

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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