Cargojet (TSE:CJT) Price Target Raised to C$177.00

Cargojet (TSE:CJT) had its target price increased by equities research analysts at CIBC from C$172.00 to C$177.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 51.50% from the company’s previous close.

CJT has been the topic of several other reports. National Bankshares increased their target price on shares of Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Canaccord Genuity Group raised their price target on Cargojet from C$160.00 to C$165.00 in a research report on Wednesday, November 6th. TD Securities lowered their price target on Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Cormark raised their price target on Cargojet from C$135.00 to C$140.00 in a research report on Thursday, August 15th. Finally, ATB Capital lowered their price target on Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$159.27.

Cargojet Stock Down 0.4 %

Cargojet stock traded down C$0.46 during mid-day trading on Wednesday, hitting C$116.83. 35,919 shares of the company’s stock were exchanged, compared to its average volume of 56,766. The company has a current ratio of 0.59, a quick ratio of 0.79 and a debt-to-equity ratio of 99.84. The stock has a market cap of C$1.89 billion, a P/E ratio of -122.98 and a beta of 0.91. Cargojet has a 1-year low of C$102.41 and a 1-year high of C$144.97. The stock has a 50 day moving average of C$132.30 and a two-hundred day moving average of C$128.30.

About Cargojet

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.