Cargojet (TSE:CJT) Stock Price Expected to Rise, TD Analyst Says

Cargojet (TSE:CJT) had its price target raised by stock analysts at TD from C$129.00 to C$134.00 in a research note issued to investors on Friday, BayStreet reports. The firm presently has a “buy” rating on the stock. TD‘s price objective suggests a potential upside of 23.53% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Scotiabank increased their target price on Cargojet from C$120.00 to C$125.00 and gave the company a “sector outperform” rating in a report on Wednesday, August 12th. National Bank Financial set a C$112.00 price target on Cargojet and gave the stock an “outperform” rating in a research report on Friday, October 2nd. Stifel Nicolaus increased their price objective on Cargojet from C$125.00 to C$135.00 and gave the company a “buy” rating in a research note on Friday. Acumen Capital raised their price objective on Cargojet from C$115.00 to C$120.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Finally, ATB Cormark Capital Markets lifted their target price on shares of Cargojet from C$110.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$126.73.

Cargojet Price Performance

Shares of Cargojet stock traded down C$0.29 on Friday, reaching C$108.48. The company’s stock had a trading volume of 86,571 shares, compared to its average volume of 105,408. The company has a market capitalization of C$1.61 billion, a P/E ratio of 35.11 and a beta of 0.72. The stock has a 50-day moving average price of C$86.84 and a 200-day moving average price of C$86.27. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 119.27. Cargojet has a 52-week low of C$71.00 and a 52-week high of C$112.71.

Cargojet (TSE:CJT) last posted its quarterly earnings data on Wednesday, November 11th. The company reported C$1.21 earnings per share (EPS) for the quarter. Cargojet had a net margin of 4.49% and a return on equity of 6.30%. The business had revenue of C$286.50 million for the quarter. Analysts expect that Cargojet will post 5.89 EPS for the current year.

About Cargojet

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.