Cargojet (TSE:CJT) Price Target Raised to C$90.00

Cargojet (TSE:CJT) had its target price upped by analysts at BMO Capital Markets from C$85.00 to C$90.00 in a research note issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential downside of 3.26% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. TD cut their price target on shares of Cargojet from C$124.00 to C$118.00 in a report on Wednesday, July 15th. National Bank Financial lifted their price objective on shares of Cargojet from C$108.00 to C$109.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$120.92.

Cargojet Price Performance

CJT stock traded down C$0.64 during midday trading on Wednesday, reaching C$93.03. The company had a trading volume of 90,266 shares, compared to its average volume of 89,961. Cargojet has a 1-year low of C$65.60 and a 1-year high of C$105.26. The stock has a 50 day moving average price of C$84.71 and a 200-day moving average price of C$86.21. The company has a debt-to-equity ratio of 123.57, a current ratio of 0.91 and a quick ratio of 0.79. The company has a market capitalization of C$1.39 billion, a price-to-earnings ratio of 37.97 and a beta of 1.02.

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

About Cargojet

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.