Cargojet (TSE:CJT) Price Target Raised to C$115.00 at Scotiabank

Cargojet (TSE:CJT) had its target price increased by Scotiabank from C$105.00 to C$115.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 24.49% from the company’s current price.

CJT has been the subject of several other reports. Royal Bank Of Canada decreased their target price on shares of Cargojet from C$151.00 to C$143.00 and set an “outperform” rating for the company in a research note on Monday, December 22nd. Desjardins increased their price target on Cargojet from C$117.00 to C$118.00 and gave the company a “buy” rating in a report on Friday, December 12th. TD Securities cut their target price on Cargojet from C$160.00 to C$120.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. CIBC dropped their price target on shares of Cargojet from C$142.00 to C$132.00 in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus cut their price target on shares of Cargojet from C$120.00 to C$100.00 in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to MarketBeat, Cargojet has an average rating of “Buy” and an average target price of C$126.62.

Cargojet Trading Up 2.3%

CJT stock traded up C$2.11 during midday trading on Wednesday, reaching C$92.38. 51,024 shares of the company’s stock traded hands, compared to its average volume of 109,074. The company has a debt-to-equity ratio of 98.69, a current ratio of 0.56 and a quick ratio of 0.79. Cargojet has a fifty-two week low of C$65.60 and a fifty-two week high of C$128.19. The business has a 50-day moving average price of C$81.71 and a two-hundred day moving average price of C$90.06. The company has a market capitalization of C$1.39 billion, a P/E ratio of 11.74 and a beta of 0.79.

Cargojet (TSE:CJT) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.32 earnings per share (EPS) for the quarter. The firm had revenue of C$219.90 million during the quarter. Cargojet had a return on equity of 0.31% and a net margin of 0.25%. Equities research analysts forecast that Cargojet will post 5.890933 EPS for the current fiscal year.

About Cargojet

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.