Scotiabank Cuts Cargojet (TSE:CJT) Price Target to C$170.00

Cargojet (TSE:CJT - Get Free Report) had its target price decreased by stock analysts at Scotiabank from C$174.00 to C$170.00 in a research report issued on Thursday,BayStreet.CA reports. Scotiabank's target price would suggest a potential upside of 51.81% from the stock's previous close.

A number of other analysts have also issued reports on CJT. TD Securities dropped their target price on Cargojet from C$167.00 to C$165.00 and set a "buy" rating on the stock in a research report on Thursday, November 21st. Canaccord Genuity Group lifted their price objective on Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. National Bankshares cut their target price on Cargojet from C$158.00 to C$151.00 and set an "outperform" rating on the stock in a research report on Thursday. CIBC raised their price target on shares of Cargojet from C$172.00 to C$177.00 in a research report on Wednesday, December 4th. Finally, ATB Capital cut their price target on shares of Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$160.50.

Cargojet Stock Down 6.0 %

Shares of CJT stock traded down C$7.10 during trading hours on Thursday, reaching C$111.98. The company had a trading volume of 197,476 shares, compared to its average volume of 87,133. The company has a market capitalization of C$1.81 billion, a P/E ratio of -117.87 and a beta of 0.91. The company has a debt-to-equity ratio of 99.84, a quick ratio of 0.79 and a current ratio of 0.59. Cargojet has a twelve month low of C$100.01 and a twelve month high of C$144.97. The stock's fifty day simple moving average is C$114.52 and its 200 day simple moving average is C$124.94.

Cargojet (TSE:CJT - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported C$1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.14 by C$0.34. Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. During the same quarter last year, the company earned $0.30 EPS. As a group, sell-side analysts expect that Cargojet will post 5.890933 earnings per share for the current fiscal year.

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.