BMO Capital Markets Has Lowered Expectations for Cargojet (TSE:CJT) Stock Price

Cargojet (TSE:CJT) had its price target dropped by equities research analysts at BMO Capital Markets from C$120.00 to C$95.00 in a report issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 21.90% from the stock’s previous close.

CJT has been the topic of several other reports. Cormark cut their price objective on shares of Cargojet from C$140.00 to C$120.00 in a research report on Wednesday, February 19th. CIBC reduced their price target on shares of Cargojet from C$163.00 to C$150.00 in a research report on Thursday, April 10th. National Bankshares dropped their price objective on Cargojet from C$158.00 to C$151.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Royal Bank of Canada raised their price target on Cargojet from C$189.00 to C$193.00 in a research note on Wednesday, February 19th. Finally, Scotiabank cut their price objective on shares of Cargojet from C$165.00 to C$139.00 and set an “outperform” rating for the company in a research report on Wednesday, April 2nd. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$151.73.

Cargojet Trading Up 0.6 %

Shares of TSE CJT traded up C$0.43 during mid-day trading on Tuesday, hitting C$77.93. The stock had a trading volume of 24,024 shares, compared to its average volume of 100,432. The business has a 50 day moving average price of C$91.73 and a two-hundred day moving average price of C$112.35. Cargojet has a 1 year low of C$69.60 and a 1 year high of C$144.97. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56. The firm has a market cap of C$1.25 billion, a P/E ratio of 546.92 and a beta of 0.91.

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.