Cargojet (TSE:CJT – Get Free Report) had its price objective upped by analysts at TD Securities from C$157.00 to C$162.00 in a report issued on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 29.58% from the stock’s previous close.
Several other research firms have also recently issued reports on CJT. National Bankshares boosted their target price on Cargojet from C$109.00 to C$129.00 and gave the stock a “sector perform” rating in a research report on Friday, January 5th. Scotiabank boosted their target price on Cargojet from C$142.00 to C$145.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Canaccord Genuity Group boosted their target price on Cargojet from C$145.00 to C$148.00 in a research report on Wednesday, April 24th. ATB Capital upped their price target on Cargojet from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. Finally, Laurentian upgraded Cargojet from a “hold” rating to a “buy” rating and upped their price target for the stock from C$102.00 to C$150.00 in a report on Tuesday, January 16th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Cargojet presently has an average rating of “Moderate Buy” and a consensus target price of C$148.91.
View Our Latest Report on Cargojet
Cargojet Stock Performance
Cargojet (TSE:CJT – Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The company reported C($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.88 by C($1.02). Cargojet had a net margin of 4.25% and a return on equity of 4.62%. The company had revenue of C$221.90 million during the quarter, compared to analyst estimates of C$250.58 million. On average, analysts expect that Cargojet will post 3.6871632 earnings per share for the current 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.
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