Cargojet (TSE:CJT) PT Raised to C$162.00

Cargojet (TSE:CJT) had its price target hoisted by investment analysts at TD Securities from C$157.00 to C$162.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 38.37% from the company’s previous close.

Several other equities research analysts have also issued reports on CJT. BMO Capital Markets raised their target price on Cargojet from C$110.00 to C$115.00 and gave the company a “market perform” rating in a research report on Tuesday, February 27th. National Bankshares raised their target price on Cargojet from C$109.00 to C$129.00 and gave the stock a “sector perform” rating in a research note on Friday, January 5th. ATB Capital raised their target price on Cargojet from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Royal Bank of Canada cut their target price on Cargojet from C$187.00 to C$184.00 and set an “outperform” rating for the company in a research note on Tuesday, January 16th. Finally, Scotiabank raised their target price on Cargojet from C$142.00 to C$145.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$148.91.

Cargojet Trading Down 4.8 %

TSE CJT opened at C$117.08 on Tuesday. The firm has a market capitalization of C$1.98 billion, a P/E ratio of 53.71 and a beta of 1.03. The business has a fifty day simple moving average of C$112.32 and a 200 day simple moving average of C$108.21. Cargojet has a 12 month low of C$76.50 and a 12 month high of C$125.44. The company has a current ratio of 1.49, a quick ratio of 0.79 and a debt-to-equity ratio of 101.87.

Cargojet (TSE:CJT) last released its quarterly earnings results 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 company had revenue of C$221.90 million during the quarter, compared to analysts’ expectations of C$250.58 million. On average, analysts predict that Cargojet will post 3.6871632 EPS for the current fiscal year.

Cargojet Company Profile

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.