Brokerages Set IT Tech Packaging (NASDAQ:TFII) Target Price at $34.75
Shares of IT Tech Packaging (NASDAQ:TFII) have earned a consensus recommendation of “Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating and seven have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $34.75.
TFII has been the topic of several recent analyst reports. Cowen decreased their price target on 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. JPMorgan Chase & Co. decreased their price target on IT Tech Packaging from $36.00 to $32.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Bank of America began coverage on IT Tech Packaging in a research note on Monday, March 9th. They issued a “buy” rating and a $35.00 price target on the stock. UBS Group began coverage on IT Tech Packaging in a research report on Monday, March 9th. They set a “buy” rating on the stock. Finally, Royal Bank of Canada reduced their price objective on IT Tech Packaging from $49.00 to $37.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 25th.
Shares of TFII opened at $26.37 on Thursday. IT Tech Packaging has a 52-week low of $15.24 and a 52-week high of $36.65. The firm has a fifty day simple moving average of $24.36.
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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