TD Increases Cargojet (TSE:CJT) Price Target to C$127.00

Cargojet (TSE:CJT) had its price target boosted by equities researchers at TD from C$118.00 to C$127.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s price target points to a potential upside of 36.52% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. National Bank Financial boosted their target price on Cargojet from C$108.00 to C$109.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. BMO Capital Markets raised their price target on shares of Cargojet from C$85.00 to C$90.00 in a research note on Wednesday. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$120.92.

Cargojet Stock Down 0.7%

Shares of Cargojet stock traded down C$0.64 during trading 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 market capitalization of C$1.39 billion, a price-to-earnings ratio of 37.97 and a beta of 1.02. 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 52 week low of C$65.60 and a 52 week high of C$105.26. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 123.57.

Cargojet (TSE:CJT) last posted its quarterly earnings data on Monday, August 10th. The company reported C$0.47 earnings per share for the quarter. The company had revenue of C$275.80 million during the quarter. Cargojet had a return on equity of 4.92% and a net margin of 3.64%. Sell-side analysts predict 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.