National Bank Financial Boosts Cargojet (TSE:CJT) Price Target to C$112.00

Cargojet (TSE:CJT) had its price target boosted by stock analysts at National Bank Financial from C$109.00 to C$112.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 20.39% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Acumen Capital raised their target price on Cargojet from C$115.00 to C$120.00 and gave the company a “buy” rating in a report on Wednesday. Scotiabank boosted their price target on shares of Cargojet from C$120.00 to C$125.00 and gave the stock a “sector outperform” rating in a research note on Wednesday. BMO Capital Markets increased their price target on shares of Cargojet from C$85.00 to C$90.00 in a research report on Wednesday. ATB Cormark Capital Markets increased their price target on shares of Cargojet from C$110.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, TD raised their price objective on shares of Cargojet from C$118.00 to C$127.00 and gave the company a “buy” rating in a research note on Wednesday. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$120.92.

Cargojet Trading Down 0.7%

TSE CJT traded down C$0.64 on Wednesday, reaching C$93.03. The stock had a trading volume of 90,266 shares, compared to its average volume of 89,961. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 123.57. The stock has a fifty day moving average price of C$84.71 and a two-hundred day moving average price of C$86.21. Cargojet has a 12-month low of C$65.60 and a 12-month high of C$105.26. The firm has a market capitalization of C$1.39 billion, a price-to-earnings ratio of 37.97 and a beta of 1.02.

Cargojet (TSE:CJT) last released its quarterly earnings results on Monday, August 10th. The company reported C$0.47 EPS for the quarter. Cargojet had a return on equity of 4.92% and a net margin of 3.64%.The business had revenue of C$275.80 million during the quarter. As a group, sell-side 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.