Beacon Securities Comments on Cargojet Inc’s FY2016 Earnings (CJT)
Cargojet Inc (TSE:CJT) – Equities researchers at Beacon Securities issued their FY2016 earnings per share estimates for Cargojet in a research note issued on Tuesday. Beacon Securities analyst A. Shaath forecasts that the brokerage will post earnings per share of $0.62 for the year. Beacon Securities currently has a “Buy” rating on the stock. Beacon Securities also issued estimates for Cargojet’s Q4 2016 earnings at $0.29 EPS and FY2017 earnings at $2.44 EPS.
Other research analysts have also issued research reports about the stock. CIBC lifted their price target on shares of Cargojet from C$48.00 to C$51.00 in a research report on Tuesday, November 8th. Acumen Capital restated a “buy” rating and issued a C$38.50 price target on shares of Cargojet in a research report on Thursday, August 11th. Royal Bank Of Canada lifted their price target on shares of Cargojet from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 17th. RBC Capital Markets lifted their price target on shares of Cargojet from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 16th. Finally, National Bank Financial raised their price objective on shares of Cargojet from C$43.50 to C$51.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 8th. Seven research analysts have rated the stock with a buy rating, Cargojet presently has an average rating of “Buy” and an average target price of C$49.30.
Shares of Cargojet (TSE:CJT) opened at 46.95 on Friday. The stock’s 50 day moving average price is $44.13 and its 200-day moving average price is $36.74. Cargojet has a 12-month low of $22.11 and a 12-month high of $48.22. The firm has a market capitalization of $492.98 million and a P/E ratio of 256.56.
Cargojet Inc is a provider of time sensitive overnight air cargo services. The Company’s cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations.
Receive News & Stock Ratings for Cargojet Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cargojet Inc and related stocks with our FREE daily email newsletter.