National Bankshares Issues Pessimistic Forecast for Cargojet (TSE:CJT) Stock Price

Cargojet (TSE:CJTGet Free Report) had its target price decreased by equities research analysts at National Bankshares from C$123.00 to C$120.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 45.97% from the stock’s previous close.

A number of other equities analysts have also recently commented on CJT. Desjardins set a C$149.00 target price on Cargojet and gave the company a “buy” rating in a report on Wednesday, October 1st. CIBC lowered their target price on Cargojet from C$142.00 to C$132.00 in a report on Wednesday, October 8th. TD Securities raised their target price on Cargojet from C$150.00 to C$160.00 and gave the company a “buy” rating in a report on Friday, August 8th. Scotiabank lowered their target price on Cargojet from C$140.00 to C$135.00 in a report on Friday, October 3rd. Finally, ATB Capital lowered their target price on Cargojet from C$155.00 to C$145.00 and set an “outperform” rating for the company in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$143.07.

View Our Latest Stock Analysis on Cargojet

Cargojet Stock Performance

Shares of Cargojet stock opened at C$82.21 on Wednesday. The business has a 50-day moving average of C$97.15 and a 200 day moving average of C$93.69. Cargojet has a 12 month low of C$69.60 and a 12 month high of C$144.97. The stock has a market capitalization of C$1.24 billion, a price-to-earnings ratio of 9.11 and a beta of 0.99. The company has a debt-to-equity ratio of 98.69, a current ratio of 0.56 and a quick ratio of 0.79.

Cargojet Company Profile

(Get Free Report)

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.

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