Cargojet (TSE:CJT) PT Set at C$112.00 by National Bank Financial

Cargojet (TSE:CJT) has been given a C$112.00 price target by investment analysts at National Bank Financial in a report issued on Friday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 21.99% from the company’s current price.

A number of other equities analysts also recently commented on CJT. ATB Cormark Capital Markets lifted their price target on Cargojet from C$110.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Acumen Capital increased their price objective on Cargojet from C$115.00 to C$120.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. BMO Capital Markets upped their target price on Cargojet from C$85.00 to C$90.00 in a research report on Wednesday, August 12th. TD set a C$128.00 price objective on Cargojet and gave the stock a “buy” rating in a report on Friday. Finally, Scotiabank boosted their price target on shares of Cargojet from C$120.00 to C$125.00 and gave the company a “sector outperform” rating in a report on Wednesday, August 12th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$121.00.

Cargojet Stock Performance

CJT traded up C$3.71 on Friday, hitting C$91.81. 109,535 shares of the company traded hands, compared to its average volume of 107,356. Cargojet has a 12-month low of C$65.60 and a 12-month high of C$100.87. The stock has a market capitalization of C$1.36 billion, a PE ratio of 29.71 and a beta of 1.03. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 119.27. The company has a 50 day moving average of C$85.05 and a 200-day moving average of C$83.79.

Cargojet (TSE:CJT) last issued its earnings results on Monday, August 10th. The company reported C$0.47 EPS for the quarter. Cargojet had a net margin of 4.49% and a return on equity of 6.30%. The company had revenue of C$275.80 million for the quarter. Sell-side analysts anticipate that Cargojet will post 5.890933 earnings per share for the current year.

Cargojet Company Profile

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 aircraft.