Cargojet (TSE:CJT) PT Raised to C$148.00 at Canaccord Genuity Group

Cargojet (TSE:CJT) had its price target upped by research analysts at Canaccord Genuity Group from C$145.00 to C$148.00 in a research report issued on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective points to a potential upside of 29.46% from the company’s previous close.

CJT has been the topic of a number of other reports. BMO Capital Markets increased their price target on Cargojet from C$110.00 to C$115.00 and gave the stock a “market perform” rating in a report on Tuesday, February 27th. TD Securities lowered their price target on Cargojet from C$170.00 to C$155.00 and set a “buy” rating for the company in a research report on Tuesday, January 16th. Cormark reduced their price objective on Cargojet from C$121.00 to C$120.00 in a research note on Tuesday, February 27th. National Bankshares upped their price objective on Cargojet from C$109.00 to C$129.00 and gave the company a “sector perform” rating in a research note on Friday, January 5th. Finally, ATB Capital upped their price objective on Cargojet from C$155.00 to C$160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$148.18.

Cargojet Trading Down 0.6 %

CJT stock traded down C$0.67 during trading on Wednesday, hitting C$114.32. The company had a trading volume of 12,125 shares, compared to its average volume of 42,940. The business has a 50-day moving average of C$112.59 and a 200-day moving average of C$107.04. Cargojet has a one year low of C$76.50 and a one year high of C$124.94. The stock has a market cap of C$1.93 billion, a PE ratio of 52.52 and a beta of 1.03. The company has a current ratio of 1.49, a quick ratio of 0.79 and a debt-to-equity ratio of 101.87.

Cargojet (TSE:CJT) last posted its quarterly earnings results on Monday, February 26th. The company reported C($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.88 by C($1.02). The business had revenue of C$221.90 million for the quarter, compared to the consensus estimate of C$250.58 million. Cargojet had a return on equity of 4.62% and a net margin of 4.25%. Research analysts predict that Cargojet will post 3.6871632 earnings per share for the current fiscal year.

Cargojet Company Profile

Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.