National Bank Financial reaffirmed their sector perform rating on shares of Cargojet (TSE:CJT) in a research note published on Wednesday, March 27th, BayStreet.CA reports. They currently have a C$87.00 price objective on the stock.
A number of other equities analysts have also weighed in on the company. Echelon Wealth Partners restated a buy rating on shares of Cargojet in a research note on Thursday, February 21st. Royal Bank of Canada upped their target price on Cargojet from C$98.00 to C$100.00 and gave the stock an outperform rating in a research note on Friday, February 22nd. Canaccord Genuity restated a buy rating and issued a C$90.00 target price on shares of Cargojet in a research note on Wednesday, December 12th. Finally, CIBC decreased their target price on Cargojet from C$92.00 to C$90.00 in a research note on Wednesday, January 2nd.
Shares of TSE CJT traded up C$2.44 during trading on Wednesday, reaching C$80.27. 44,300 shares of the stock traded hands, compared to its average volume of 45,686. Cargojet has a 52-week low of C$61.25 and a 52-week high of C$88.58. The company has a debt-to-equity ratio of 383.26, a current ratio of 0.99 and a quick ratio of 0.89. The stock has a market capitalization of $1.04 billion and a PE ratio of 53.51.
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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