Royal Bank of Canada Increases Cargojet (TSE:CJT) Price Target to C$193.00

Cargojet (TSE:CJT - Get Free Report) had its target price hoisted by research analysts at Royal Bank of Canada from C$189.00 to C$193.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Royal Bank of Canada's target price would indicate a potential upside of 90.45% from the stock's current price.

Other analysts also recently issued reports about the company. National Bankshares decreased their target price on Cargojet from C$158.00 to C$151.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Canaccord Genuity Group lifted their price objective on Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. TD Securities decreased their price objective on Cargojet from C$167.00 to C$165.00 and set a "buy" rating for the company in a report on Thursday, November 21st. ATB Capital decreased their price objective on Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. Finally, Scotiabank decreased their price objective on Cargojet from C$170.00 to C$165.00 in a report on Wednesday. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$158.45.

Cargojet Trading Down 3.6 %

Shares of TSE:CJT traded down C$3.74 on Wednesday, hitting C$101.34. 200,715 shares of the company's stock were exchanged, compared to its average volume of 95,618. Cargojet has a 12 month low of C$100.01 and a 12 month high of C$144.97. The stock has a market capitalization of C$1.62 billion, a price-to-earnings ratio of 711.21 and a beta of 0.91. The business's 50 day simple moving average is C$112.62 and its two-hundred day simple moving average is C$122.88. The company has a debt-to-equity ratio of 98.69, a current ratio of 0.56 and a quick ratio of 0.79.

About Cargojet

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.