National Bank Financial Issues Positive Forecast for Cargojet (TSE:CJT) Stock Price

Cargojet (TSE:CJT) had its price target hoisted by stock analysts at National Bank Financial from C$108.00 to C$109.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 27.22% from the stock’s previous close.

CJT has been the subject of a number of other reports. TD increased their price target on Cargojet from C$120.00 to C$124.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Scotiabank dropped their price objective on Cargojet from C$118.00 to C$115.00 and set an “outperform” rating on the stock in a research note on Thursday, April 9th. Canadian Imperial Bank of Commerce upped their price objective on Cargojet from C$116.00 to C$122.00 in a report on Thursday, April 2nd. Royal Bank Of Canada decreased their target price on Cargojet from C$143.00 to C$140.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Finally, BMO Capital Markets dropped their price target on shares of Cargojet from C$94.00 to C$85.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 6th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cargojet has a consensus rating of “Moderate Buy” and a consensus target price of C$124.67.

Cargojet Price Performance

Shares of TSE:CJT traded down C$1.29 during trading on Tuesday, reaching C$85.68. The company had a trading volume of 40,756 shares, compared to its average volume of 91,879. The firm’s fifty day moving average is C$83.59 and its 200 day moving average is C$86.41. The company has a debt-to-equity ratio of 123.57, a quick ratio of 0.79 and a current ratio of 0.91. The firm has a market capitalization of C$1.28 billion, a PE ratio of 34.97 and a beta of 1.02. Cargojet has a twelve month low of C$65.60 and a twelve month high of C$105.60.

Cargojet (TSE:CJT) last posted its quarterly earnings data on Monday, May 4th. The company reported C$0.60 EPS for the quarter. Cargojet had a net margin of 3.64% and a return on equity of 4.92%. The business had revenue of C$254.70 million for the quarter. On average, equities analysts forecast that Cargojet will post 5.890933 EPS 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.