Cargojet (TSE:CJT) Given a C$90.00 Price Target by Raymond James Analysts

Cargojet (TSE:CJT) has been given a C$90.00 target price by stock analysts at Raymond James in a research note issued to investors on Monday, BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. Raymond James’ price target would suggest a potential downside of 2.61% from the company’s current price. Raymond James also issued estimates for Cargojet’s Q2 2019 earnings at $0.12 EPS, Q3 2019 earnings at $0.22 EPS, Q4 2019 earnings at $0.64 EPS, FY2019 earnings at $0.98 EPS and FY2020 earnings at $2.02 EPS.

A number of other analysts also recently commented on the stock. Canaccord Genuity downgraded shares of Cargojet from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$95.00 to C$100.00 in a report on Thursday, July 25th. National Bank Financial decreased their price objective on shares of Cargojet from C$87.00 to C$82.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 7th. Finally, CIBC boosted their price objective on shares of Cargojet from C$90.00 to C$105.00 in a report on Thursday, July 18th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of C$102.50.

CJT stock traded down C$1.35 during trading on Monday, reaching C$92.41. 35,800 shares of the company were exchanged, compared to its average volume of 43,981. The stock has a market cap of $1.24 billion and a P/E ratio of 79.05. Cargojet has a 52-week low of C$65.25 and a 52-week high of C$98.80. The firm’s 50 day moving average is C$88.90. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 410.27.

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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Analyst Recommendations for Cargojet (TSE:CJT)

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