Cargojet (CJT) Price Target Raised to C$90.00

Cargojet (TSE:CJT) had its price target raised by stock analysts at CIBC from C$70.00 to C$90.00 in a note issued to investors on Wednesday, October 17th. CIBC’s price objective suggests a potential upside of 12.85% from the company’s current price.

A number of other research analysts also recently issued reports on the company. National Bank Financial increased their price objective on Cargojet from C$65.00 to C$73.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 14th. Royal Bank of Canada raised their price target on Cargojet from C$73.00 to C$85.00 and gave the company an “outperform” rating in a research note on Tuesday, August 14th.

Shares of TSE CJT traded down C$0.34 during mid-day trading on Wednesday, reaching C$79.75. 24,600 shares of the company’s stock were exchanged, compared to its average volume of 21,533. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 288.09. Cargojet has a twelve month low of C$52.50 and a twelve month high of C$87.71.

Cargojet (TSE:CJT) last released its quarterly earnings results on Monday, August 13th. The company reported C$0.35 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.48 by C($0.13). The firm had revenue of C$109.00 million during the quarter, compared to the consensus estimate of C$101.75 million. On average, equities research analysts forecast that Cargojet will post 2.85607122456634 EPS for the current year.

Cargojet Company Profile

Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic overnight air cargo co-load network between 14 cities in Canada; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.

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