National Bank Financial Reaffirms “Sector Perform” Rating for Cargojet (TSE:CJT)

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 (TSE:CJT) last issued its quarterly earnings data on Thursday, February 21st. The company reported C$0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.91 by C($0.44). The company had revenue of C$132.60 million during the quarter, compared to analyst estimates of C$130.80 million. As a group, equities analysts expect that Cargojet will post 2.28999998345334 EPS for the current fiscal year.

About Cargojet

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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