FY2020 Earnings Forecast for IT Tech Packaging (NASDAQ:TFII) Issued By National Bank Financial

IT Tech Packaging (NASDAQ:TFII) – Investment analysts at National Bank Financial raised their FY2020 earnings per share (EPS) estimates for shares of IT Tech Packaging in a research report issued on Tuesday, July 28th. National Bank Financial analyst C. Doerksen now anticipates that the company will earn $2.60 per share for the year, up from their previous forecast of $1.80. National Bank Financial also issued estimates for IT Tech Packaging’s FY2021 earnings at $2.97 EPS.

TFII has been the topic of several other reports. JPMorgan Chase & Co. dropped their price objective on shares of 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. CIBC raised their price target on shares of IT Tech Packaging from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday. Morgan Stanley raised their price target on shares of IT Tech Packaging from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Cowen lowered their price target on shares of IT Tech Packaging from $46.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 22nd. Finally, Zacks Investment Research raised shares of IT Tech Packaging from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $48.50.

Shares of TFII opened at $43.39 on Friday. The company has a 50-day moving average of $36.69. IT Tech Packaging has a fifty-two week low of $15.24 and a fifty-two week high of $43.60.

The company also recently disclosed a dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.189 per share. The ex-dividend date was Monday, June 29th.

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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Earnings History and Estimates for IT Tech Packaging (NASDAQ:TFII)

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