National Bank Financial Has Lowered Expectations for Cargojet (TSE:CJT) Stock Price

Cargojet (TSE:CJT) had its price objective cut by National Bank Financial from C$108.00 to C$104.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 31.61% from the stock’s previous close.

A number of other research firms have also issued reports on CJT. Stifel Nicolaus upped their price target on Cargojet from C$100.00 to C$120.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Desjardins upped their target price on shares of Cargojet from C$117.00 to C$126.00 in a research report on Thursday, February 26th. BMO Capital Markets upped their price objective on shares of Cargojet from C$90.00 to C$94.00 and gave the stock a “market perform” rating in a report on Thursday, February 26th. Raymond James Financial lifted their target price on shares of Cargojet from C$95.00 to C$120.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Finally, Scotiabank cut their target price on Cargojet from C$118.00 to C$115.00 and set an “outperform” rating on the stock in a research report on Thursday, April 9th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cargojet currently has a consensus rating of “Moderate Buy” and a consensus price target of C$125.09.

Cargojet Trading Up 0.1%

Cargojet stock opened at C$79.02 on Wednesday. The stock’s 50 day simple moving average is C$86.68 and its two-hundred day simple moving average is C$84.82. The firm has a market cap of C$1.18 billion, a PE ratio of 15.08 and a beta of 0.86. Cargojet has a 12 month low of C$65.60 and a 12 month high of C$113.89. The company has a current ratio of 1.23, a quick ratio of 0.79 and a debt-to-equity ratio of 155.48.

Cargojet (TSE:CJT) last posted its earnings results on Tuesday, February 24th. The company reported C$1.47 EPS for the quarter. The firm had revenue of C$284.70 million for the quarter. Cargojet had a return on equity of 10.73% and a net margin of 8.08%. Analysts anticipate that Cargojet will post 5.890933 earnings per share for the current year.

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.