Canaccord Genuity Group Raises Cargojet (TSE:CJT) Price Target to C$148.00

Cargojet (TSE:CJT) had its target price lifted by research analysts at Canaccord Genuity Group from C$145.00 to C$148.00 in a research note issued on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s target price would indicate a potential upside of 26.06% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Scotiabank raised their price objective on shares of Cargojet from C$142.00 to C$145.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. Cormark lowered their price target on Cargojet from C$121.00 to C$120.00 in a report on Tuesday, February 27th. Laurentian upgraded Cargojet from a “hold” rating to a “buy” rating and increased their price target for the company from C$102.00 to C$150.00 in a report on Tuesday, January 16th. Acumen Capital increased their price target on Cargojet from C$160.00 to C$165.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, Royal Bank of Canada lowered their price objective on shares of Cargojet from C$187.00 to C$184.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$148.18.

Cargojet Stock Performance

TSE:CJT opened at C$117.40 on Wednesday. Cargojet has a twelve month low of C$76.50 and a twelve month high of C$124.94. The company has a current ratio of 1.49, a quick ratio of 0.79 and a debt-to-equity ratio of 101.87. The company has a 50-day moving average of C$112.45 and a 200-day moving average of C$107.26. The firm has a market cap of C$1.98 billion, a price-to-earnings ratio of 53.85 and a beta of 1.03.

Cargojet (TSE:CJT) last posted its quarterly earnings data on Monday, February 26th. The company reported C($0.14) EPS for the quarter, missing analysts’ consensus estimates of C$0.88 by C($1.02). Cargojet had a net margin of 4.25% and a return on equity of 4.62%. The firm had revenue of C$221.90 million for the quarter, compared to analysts’ expectations of C$250.58 million. Analysts forecast that Cargojet will post 3.6871632 earnings per share for the current fiscal year.

About Cargojet

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.