Cargojet (TSE:CJT) Given New C$108.00 Price Target at National Bankshares

Cargojet (TSE:CJT) had its price target boosted by analysts at National Bankshares from C$95.00 to C$108.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 14.31% from the stock’s previous close.

Several other research firms also recently commented on CJT. Desjardins boosted their price objective on Cargojet from C$117.00 to C$118.00 and gave the company a “buy” rating in a report on Friday, December 12th. Stifel Nicolaus reduced their price target on shares of Cargojet from C$120.00 to C$100.00 in a research report on Monday, November 10th. Raymond James Financial decreased their price target on shares of Cargojet from C$132.00 to C$95.00 in a research note on Monday, November 10th. CIBC dropped their price objective on shares of Cargojet from C$142.00 to C$132.00 in a research note on Wednesday, October 8th. Finally, Scotiabank boosted their target price on shares of Cargojet from C$105.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Wednesday. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat, Cargojet presently has a consensus rating of “Buy” and an average target price of C$127.62.

Cargojet Stock Up 0.9%

CJT traded up C$0.86 during midday trading on Friday, hitting C$94.48. The company had a trading volume of 35,607 shares, compared to its average volume of 118,248. The stock’s 50 day moving average price is C$82.55 and its 200 day moving average price is C$90.11. Cargojet has a 52 week low of C$65.60 and a 52 week high of C$128.19. The company has a market capitalization of C$1.43 billion, a price-to-earnings ratio of 12.01 and a beta of 0.79. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69.

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

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.