Cargojet (TSE:CJT - Get Free Report) had its target price dropped by research analysts at BMO Capital Markets from C$120.00 to C$95.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. BMO Capital Markets' price objective points to a potential upside of 25.94% from the stock's current price.
Other equities analysts have also recently issued research reports about the company. CIBC dropped their target price on Cargojet from C$163.00 to C$150.00 in a report on Thursday, April 10th. Canaccord Genuity Group lifted their price objective on shares of Cargojet from C$165.00 to C$173.00 in a research note on Wednesday, February 19th. National Bankshares reduced their target price on shares of Cargojet from C$158.00 to C$151.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. Royal Bank of Canada lifted their price target on shares of Cargojet from C$189.00 to C$193.00 in a research note on Wednesday, February 19th. Finally, Cormark reduced their price objective on shares of Cargojet from C$140.00 to C$120.00 in a research report on Wednesday, February 19th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Cargojet has an average rating of "Buy" and a consensus target price of C$151.73.
Check Out Our Latest Stock Report on CJT
Cargojet Trading Down 2.0 %
Shares of TSE:CJT traded down C$1.51 during trading on Tuesday, reaching C$75.43. The company's stock had a trading volume of 70,929 shares, compared to its average volume of 99,851. The stock has a market capitalization of C$1.21 billion, a PE ratio of 529.37 and a beta of 0.91. Cargojet has a 12 month low of C$69.60 and a 12 month high of C$144.97. The company has a current ratio of 0.56, a quick ratio of 0.79 and a debt-to-equity ratio of 98.69. The firm's 50 day simple moving average is C$88.81 and its two-hundred day simple moving average is C$110.89.
About Cargojet
(
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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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