Cargojet (TSE:CJT - Get Free Report) had its target price boosted by investment analysts at Canaccord Genuity Group from C$156.00 to C$160.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Canaccord Genuity Group's price objective points to a potential upside of 19.11% from the stock's current price.
Several other analysts have also weighed in on CJT. Acumen Capital upped their price objective on Cargojet from C$175.00 to C$178.00 in a report on Thursday, August 15th. TD Securities raised their price objective on shares of Cargojet from C$173.00 to C$176.00 in a research report on Thursday, August 15th. National Bankshares lifted their price objective on shares of Cargojet from C$154.00 to C$158.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. Royal Bank of Canada increased their target price on shares of Cargojet from C$182.00 to C$189.00 and gave the company an "outperform" rating in a research note on Monday, July 8th. Finally, Scotiabank cut Cargojet from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$160.27.
View Our Latest Stock Report on CJT
Cargojet Price Performance
Cargojet stock traded down C$0.62 during trading hours on Wednesday, hitting C$134.33. 28,652 shares of the company traded hands, compared to its average volume of 54,797. The firm's 50-day simple moving average is C$131.14 and its two-hundred day simple moving average is C$125.36. The firm has a market cap of C$2.17 billion, a P/E ratio of -140.57 and a beta of 0.91. Cargojet has a 1-year low of C$76.50 and a 1-year high of C$143.64. The company has a quick ratio of 0.79, a current ratio of 0.59 and a debt-to-equity ratio of 99.84.
Cargojet (TSE:CJT - Get Free Report) last announced its earnings results on Tuesday, August 13th. The company reported C($0.05) EPS for the quarter, missing the consensus estimate of C$1.10 by C($1.15). The firm had revenue of C$230.80 million for the quarter, compared to the consensus estimate of C$239.77 million. Cargojet had a negative return on equity of 2.13% and a negative net margin of 1.88%. As a group, analysts forecast that Cargojet will post 5.890933 earnings per share for the current fiscal year.
About Cargojet
(
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Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.
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