Cargojet (TSE:CJT) Given New C$200.00 Price Target at Scotiabank

Cargojet (TSE:CJTGet Rating) had its price target increased by stock analysts at Scotiabank from C$190.00 to C$200.00 in a report issued on Thursday, BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 34.76% from the stock’s previous close.

A number of other equities research analysts have also recently commented on CJT. National Bankshares dropped their price objective on shares of Cargojet from C$185.00 to C$158.00 and set a “sector perform” rating on the stock in a research note on Friday, July 15th. ATB Capital increased their target price on Cargojet from C$225.00 to C$230.00 and gave the company an “outperform” rating in a research report on Tuesday, May 3rd. BMO Capital Markets lowered Cargojet to a “hold” rating and set a C$165.00 target price on the stock. in a research report on Thursday, June 16th. CIBC decreased their target price on Cargojet from C$236.00 to C$207.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 3rd. Finally, Royal Bank of Canada decreased their target price on Cargojet from C$311.00 to C$302.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 30th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Cargojet currently has a consensus rating of “Moderate Buy” and an average price target of C$206.55.

Cargojet Price Performance

Shares of TSE CJT opened at C$148.41 on Thursday. The stock has a market capitalization of C$2.56 billion and a price-to-earnings ratio of 146.94. Cargojet has a 12 month low of C$115.89 and a 12 month high of C$214.50. The firm’s 50 day simple moving average is C$142.21 and its 200-day simple moving average is C$158.64. The company has a debt-to-equity ratio of 63.83, a current ratio of 1.46 and a quick ratio of 1.13.

Cargojet (TSE:CJTGet Rating) last issued its quarterly earnings data on Monday, May 2nd. The company reported C$0.70 EPS for the quarter, missing analysts’ consensus estimates of C$1.52 by C($0.82). The firm had revenue of C$233.60 million for the quarter, compared to analyst estimates of C$210.03 million. Analysts expect that Cargojet will post 7.5257271 EPS for the current year.

Cargojet Company Profile

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Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic air cargo network services between fourteen cities in North America; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.

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