CIBC Lowers Cargojet (TSE:CJT) Price Target to C$150.00

Cargojet (TSE:CJT) had its target price cut by investment analysts at CIBC from C$163.00 to C$150.00 in a research report issued on Thursday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 94.83% from the company’s current price.

Several other research analysts have also recently issued reports on CJT. Cormark cut their target price on Cargojet from C$140.00 to C$120.00 in a research report on Wednesday, February 19th. Royal Bank of Canada upped their target price on shares of Cargojet from C$189.00 to C$193.00 in a research note on Wednesday, February 19th. Scotiabank lowered their target price on shares of Cargojet from C$165.00 to C$139.00 and set an “outperform” rating for the company in a report on Wednesday, April 2nd. National Bankshares cut their price target on shares of Cargojet from C$158.00 to C$151.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Finally, Canaccord Genuity Group boosted their target price on Cargojet from C$165.00 to C$173.00 in a research note on Wednesday, February 19th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$158.90.

Cargojet Price Performance

Shares of TSE CJT opened at C$76.99 on Thursday. The stock has a market cap of C$1.23 billion, a price-to-earnings ratio of 540.32 and a beta of 0.91. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56. Cargojet has a fifty-two week low of C$69.60 and a fifty-two week high of C$144.97. The firm’s 50-day simple moving average is C$92.42 and its 200 day simple moving average is C$112.86.

Cargojet Company Profile

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.