TD Has Lowered Expectations for Cargojet (TSE:CJT) Stock Price

Cargojet (TSE:CJT) had its target price dropped by TD from C$124.00 to C$118.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. TD’s price objective suggests a potential upside of 36.48% from the company’s previous close.

A number of other brokerages also recently commented on CJT. BMO Capital Markets lowered their price objective on Cargojet from C$94.00 to C$85.00 and set a “market perform” rating for the company in a research report on Wednesday, May 6th. Canadian Imperial Bank of Commerce increased their target price on Cargojet from C$116.00 to C$122.00 in a research report on Thursday, April 2nd. National Bank Financial raised their price target on Cargojet from C$108.00 to C$109.00 and gave the stock an “outperform” rating in a research note on Tuesday. Scotiabank lowered their price target on Cargojet from C$118.00 to C$115.00 and set an “outperform” rating for the company in a report on Thursday, April 9th. Finally, Royal Bank Of Canada cut their price objective on shares of Cargojet from C$143.00 to C$140.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$124.17.

Cargojet Stock Performance

Shares of CJT opened at C$86.46 on Wednesday. Cargojet has a 1 year low of C$65.60 and a 1 year high of C$105.60. The company’s 50 day simple moving average is C$83.83 and its 200 day simple moving average is C$86.40. The company has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 35.29 and a beta of 1.02. The company has a debt-to-equity ratio of 123.57, a quick ratio of 0.79 and a current ratio of 0.91.

Cargojet (TSE:CJT) last released its earnings results on Monday, May 4th. The company reported C$0.60 EPS for the quarter. The firm had revenue of C$254.70 million during the quarter. Cargojet had a net margin of 3.64% and a return on equity of 4.92%. On average, sell-side analysts predict that Cargojet will post 5.890933 EPS 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.