Cargojet (TSE:CJT) Given New C$122.00 Price Target at Canadian Imperial Bank of Commerce

Cargojet (TSE:CJT) had its target price upped by equities research analysts at Canadian Imperial Bank of Commerce from C$116.00 to C$122.00 in a research report issued on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective points to a potential upside of 48.76% from the company’s previous close.

Several other equities research analysts have also weighed in on CJT. Scotiabank increased their target price on shares of Cargojet from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Raymond James Financial boosted their price target on shares of Cargojet from C$95.00 to C$120.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. BMO Capital Markets upped their price objective on shares of Cargojet from C$90.00 to C$94.00 and gave the company a “market perform” rating in a research report on Thursday, February 26th. Stifel Nicolaus raised their price objective on Cargojet from C$100.00 to C$120.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, Royal Bank Of Canada decreased their target price on 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. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Cargojet presently has an average rating of “Moderate Buy” and a consensus price target of C$126.00.

Cargojet Trading Up 1.0%

Shares of CJT stock traded up C$0.82 on Thursday, reaching C$82.01. The company had a trading volume of 21,417 shares, compared to its average volume of 109,803. The company has a current ratio of 1.23, a quick ratio of 0.79 and a debt-to-equity ratio of 155.48. The stock has a market cap of C$1.22 billion, a PE ratio of 15.65 and a beta of 0.70. The company has a 50-day moving average of C$90.82 and a 200-day moving average of C$86.32. Cargojet has a 12 month low of C$65.60 and a 12 month high of C$113.89.

Cargojet (TSE:CJT) last released its quarterly earnings data on Tuesday, February 24th. The company reported C$1.47 earnings per share for the quarter. The business had revenue of C$284.70 million for the quarter. Cargojet had a net margin of 8.08% and a return on equity of 10.73%. On average, equities analysts forecast that Cargojet will post 5.890933 earnings per share for the current 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.