Cargojet (TSE:CJT) PT Set at C$128.00 by TD

Cargojet (TSE:CJT) has been assigned a C$128.00 target price by research analysts at TD in a research note issued on Friday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. TD’s price target would indicate a potential upside of 39.42% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. National Bank Financial increased their price target on Cargojet from C$109.00 to C$112.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Scotiabank boosted their target price on Cargojet from C$120.00 to C$125.00 and gave the company a “sector outperform” rating in a research report on Wednesday, August 12th. Desjardins upped their price target on Cargojet from C$126.00 to C$135.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Acumen Capital raised their price objective on Cargojet from C$115.00 to C$120.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Finally, BMO Capital Markets increased their target price on Cargojet from C$85.00 to C$90.00 in a report on Wednesday, August 12th. Ten 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of C$121.00.

Cargojet Price Performance

Shares of CJT traded up C$3.71 during trading hours on Friday, reaching C$91.81. The stock had a trading volume of 109,535 shares, compared to its average volume of 107,356. The stock has a market capitalization of C$1.36 billion, a PE ratio of 29.71 and a beta of 1.03. The company has a debt-to-equity ratio of 119.27, a quick ratio of 0.79 and a current ratio of 0.83. The company’s 50-day moving average is C$85.05 and its two-hundred day moving average is C$83.79. Cargojet has a 12 month low of C$65.60 and a 12 month high of C$100.87.

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 company had revenue of C$275.80 million for the quarter. Cargojet had a net margin of 4.49% and a return on equity of 6.30%. Research analysts expect that Cargojet will post 5.890933 EPS for the current year.

About Cargojet

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 aircraft.