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

Raymond James set a C$90.00 target price on Cargojet (TSE:CJT) in a research note released on Sunday morning, BayStreet.CA reports. The brokerage currently has a market perform rating on the stock.

Several other research analysts have also recently weighed in on CJT. Royal Bank of Canada boosted their price target on shares of Cargojet from C$100.00 to C$119.00 and gave the company an outperform rating in a research report on Thursday, August 1st. Canaccord Genuity cut shares of Cargojet from a buy rating to a hold rating and boosted their price target for the company from C$95.00 to C$100.00 in a research report on Thursday, July 25th. National Bank Financial boosted their price target on shares of Cargojet from C$82.00 to C$94.00 and gave the company a sector perform rating in a research report on Thursday, August 1st. AltaCorp Capital boosted their price target on shares of Cargojet from C$95.00 to C$110.00 and gave the company a buy rating in a research report on Thursday, August 1st. Finally, CIBC lowered their price target on shares of Cargojet from C$105.00 to C$102.00 in a research report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Cargojet has a consensus rating of Buy and an average target price of C$102.50.

Shares of CJT stock opened at C$90.23 on Friday. The firm’s 50-day moving average price is C$89.46. The company has a debt-to-equity ratio of 410.27, a quick ratio of 0.50 and a current ratio of 0.59. The firm has a market cap of $1.24 billion and a PE ratio of 77.19. Cargojet has a twelve month low of C$65.25 and a twelve month high of C$98.80.

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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Analyst Recommendations for Cargojet (TSE:CJT)

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