Cargojet (TSE:CJT) Given New C$130.00 Price Target at Raymond James Financial

Cargojet (TSE:CJT) had its price objective boosted by analysts at Raymond James Financial from C$120.00 to C$130.00 in a report issued on Friday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial‘s price objective would suggest a potential upside of 19.84% from the company’s previous close.

A number of other research firms have also issued reports on CJT. Stifel Nicolaus boosted their price target on shares of Cargojet from C$125.00 to C$135.00 and gave the company a “buy” rating in a report on Friday. TD raised their price objective on shares of Cargojet from C$129.00 to C$134.00 and gave the stock a “buy” rating in a research note on Friday. Acumen Capital lifted their price objective on shares of Cargojet from C$115.00 to C$120.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Desjardins lifted their price objective on shares of Cargojet from C$135.00 to C$151.00 and gave the stock a “buy” rating in a research report on Friday. Finally, National Bank Financial set a C$112.00 target price on shares of Cargojet and gave the company an “outperform” rating in a research note on Friday, October 2nd. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$126.73.

Cargojet Trading Down 0.3%

Shares of TSE:CJT traded down C$0.29 during midday trading on Friday, reaching C$108.48. The company had a trading volume of 86,571 shares, compared to its average volume of 105,408. The company has a debt-to-equity ratio of 119.27, a quick ratio of 0.79 and a current ratio of 0.83. Cargojet has a 1-year low of C$71.00 and a 1-year high of C$112.71. The firm has a market cap of C$1.61 billion, a price-to-earnings ratio of 35.11 and a beta of 0.72. The company has a fifty day simple moving average of C$86.84 and a two-hundred day simple moving average of C$86.27.

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 return on equity of 6.30% and a net margin of 4.49%. The firm had revenue of C$286.50 million for the quarter. Research analysts predict that Cargojet will post 5.89 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.