Cargojet (TSE:CJT) Price Target Raised to C$120.00 at Acumen Capital

Cargojet (TSE:CJT) had its target price lifted by research analysts at Acumen Capital from C$115.00 to C$120.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Acumen Capital’s target price would suggest a potential upside of 28.99% from the company’s current price.

Several other brokerages have also commented on CJT. Desjardins increased their price target on shares of Cargojet from C$126.00 to C$135.00 and gave the stock a “buy” rating in a research note on Wednesday. BMO Capital Markets lifted their price objective on shares of Cargojet from C$85.00 to C$90.00 in a research note on Wednesday. National Bank Financial upped their price objective on shares of Cargojet from C$108.00 to C$109.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. ATB Cormark Capital Markets increased their target price on shares of Cargojet from C$110.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Scotiabank raised their target price on Cargojet from C$120.00 to C$125.00 and gave the company a “sector outperform” rating in a report on Wednesday. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$120.92.

Cargojet Stock Down 0.7%

TSE:CJT traded down C$0.64 during mid-day trading on Wednesday, reaching C$93.03. The stock had a trading volume of 90,266 shares, compared to its average volume of 89,961. The business’s 50 day moving average is C$84.71 and its 200 day moving average is C$86.21. Cargojet has a fifty-two week low of C$65.60 and a fifty-two week high of C$105.26. The stock has a market cap of C$1.39 billion, a P/E ratio of 37.97 and a beta of 1.02. The company has a debt-to-equity ratio of 123.57, a current ratio of 0.91 and a quick ratio of 0.79.

Cargojet (TSE:CJT) last issued its quarterly earnings data on Monday, August 10th. The company reported C$0.47 earnings per share for the quarter. The firm had revenue of C$275.80 million for the quarter. Cargojet had a net margin of 3.64% and a return on equity of 4.92%. As a group, sell-side analysts predict that Cargojet will post 5.890933 earnings per share for the current year.

Cargojet Company Profile

Cargojet Inc operates a domestic air cargo co-load network between sixteen major Canadian cities. The company provides dedicated aircraft to customers on an Aircraft, Crew, Maintenance and Insurance basis, operating between points in Canada, USA, Mexico and Europe. The company also operates scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada, UK and Germany; and between Canada and Mexico.