Cargojet (TSE:CJT – Get Free Report) had its target price increased by TD Securities from C$157.00 to C$162.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 38.37% from the stock’s previous close.
Several other research firms also recently commented on CJT. National Bankshares raised their price objective on Cargojet from C$109.00 to C$129.00 and gave the stock a “sector perform” rating in a research note on Friday, January 5th. Laurentian raised Cargojet from a “hold” rating to a “buy” rating and lifted their target price for the company from C$102.00 to C$150.00 in a research note on Tuesday, January 16th. ATB Capital lifted their target price on Cargojet from C$155.00 to C$160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Cormark decreased their target price on Cargojet from C$121.00 to C$120.00 in a research note on Tuesday, February 27th. Finally, Canaccord Genuity Group lifted their target price on Cargojet from C$145.00 to C$148.00 in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$148.91.
Check Out Our Latest Stock Report on Cargojet
Cargojet Stock Down 4.8 %
Cargojet (TSE:CJT – Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The company reported C($0.14) EPS for the quarter, missing the consensus estimate of C$0.88 by C($1.02). Cargojet had a return on equity of 4.62% and a net margin of 4.25%. The company had revenue of C$221.90 million during the quarter, compared to the consensus estimate of C$250.58 million. On average, equities research analysts predict that Cargojet will post 3.6871632 earnings per share for the current year.
Cargojet Company Profile
Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.
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