Cargojet (TSE:CJT) Given New C$120.00 Price Target at TD Securities

Cargojet (TSE:CJT) had its price objective dropped by research analysts at TD Securities from C$160.00 to C$120.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 75.49% from the stock’s previous close.

Several other analysts also recently commented on the company. ATB Capital lowered their price objective on Cargojet from C$155.00 to C$145.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. National Bankshares lowered their price objective on Cargojet from C$123.00 to C$120.00 and set an “outperform” rating for the company in a research note on Wednesday, October 15th. Stifel Nicolaus reduced their target price on Cargojet from C$130.00 to C$120.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. CIBC reduced their target price on Cargojet from C$142.00 to C$132.00 in a report on Wednesday, October 8th. Finally, Desjardins set a C$149.00 price objective on Cargojet and gave the company a “buy” rating in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$137.54.

Cargojet Trading Down 1.1%

Shares of TSE:CJT traded down C$0.78 during midday trading on Thursday, reaching C$68.38. The company’s stock had a trading volume of 293,026 shares, compared to its average volume of 92,166. The firm has a 50 day moving average price of C$91.11 and a two-hundred day moving average price of C$94.31. Cargojet has a fifty-two week low of C$67.84 and a fifty-two week high of C$139.54. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56. The firm has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 7.58 and a beta of 0.85.

Cargojet Company Profile

Cargojet Inc operates a domestic air cargo co-load network between sixteen major Canadian cities. The company provides dedicated aircraft to customers on an Aircraft, Crew, Maintenance and Insurance basis, operating between points in Canada, USA, Mexico and Europe. The company also operates scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada, UK and Germany; and between Canada and Mexico.