Cargojet (TSE:CJT) Price Target Raised to C$135.00

Cargojet (TSE:CJT) had its price objective hoisted by ATB Cormark Capital Markets from C$120.00 to C$135.00 in a report issued on Friday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets‘s target price points to a potential upside of 24.45% from the company’s current price.

Several other research analysts have also commented on the company. Scotiabank raised their price objective on Cargojet from C$120.00 to C$125.00 and gave the company a “sector outperform” rating in a research report on Wednesday, August 12th. Desjardins upped their target price on Cargojet from C$135.00 to C$151.00 and gave the stock a “buy” rating in a research report on Friday. TD increased their target price on Cargojet from C$129.00 to C$134.00 and gave the company a “buy” rating in a research note on Friday. Stifel Nicolaus raised their target price on Cargojet from C$125.00 to C$135.00 and gave the company a “buy” rating in a report on Friday. Finally, BMO Capital Markets boosted their price target on Cargojet from C$85.00 to C$90.00 in a research report on Wednesday, August 12th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$126.73.

Cargojet Trading Down 0.3%

Shares of Cargojet stock traded down C$0.29 during trading hours on Friday, hitting C$108.48. The company’s stock had a trading volume of 86,571 shares, compared to its average volume of 105,408. Cargojet has a 1-year low of C$71.00 and a 1-year high of C$112.71. The business has a fifty day moving average of C$86.84 and a 200 day moving average of C$86.27. The company has a market capitalization of C$1.61 billion, a PE ratio of 35.11 and a beta of 0.72. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 119.27.

Cargojet (TSE:CJT) last posted its earnings results on Wednesday, November 11th. The company reported C$1.21 earnings per share for the quarter. Cargojet had a net margin of 4.49% and a return on equity of 6.30%. The business had revenue of C$286.50 million for the quarter. As a group, equities analysts forecast that Cargojet will post 5.89 EPS for the current year.

About Cargojet

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 aircraft.