Cargojet (TSE:CJT) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Cargojet (TSE:CJT) had its price target boosted by research analysts at Stifel Nicolaus from C$125.00 to C$135.00 in a research note issued on Friday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus‘s price target indicates a potential upside of 24.45% from the stock’s current price.

CJT has been the topic of several other reports. National Bank Financial set a C$112.00 target price on Cargojet and gave the stock an “outperform” rating in a report on Friday, October 2nd. ATB Cormark Capital Markets increased their price target on Cargojet from C$110.00 to C$120.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. TD set a C$128.00 price target on Cargojet and gave the company a “buy” rating in a report on Friday, October 2nd. BMO Capital Markets lifted their price objective on Cargojet from C$85.00 to C$90.00 in a research note on Wednesday, August 12th. Finally, Acumen Capital upped their price objective on Cargojet from C$115.00 to C$120.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Cargojet presently has an average rating of “Moderate Buy” and a consensus target price of C$126.73.

Cargojet Price Performance

CJT traded down C$0.29 during trading on Friday, hitting C$108.48. 86,571 shares of the company traded hands, compared to its average volume of 105,408. The company has a market cap of C$1.61 billion, a PE ratio of 35.11 and a beta of 0.72. The stock’s 50-day simple moving average is C$86.84 and its two-hundred day simple moving average is C$86.27. Cargojet has a 1 year low of C$71.00 and a 1 year high of C$112.71. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 119.27.

Cargojet (TSE:CJT) last announced its quarterly earnings results on Wednesday, November 11th. The company reported C$1.21 EPS for the quarter. The business had revenue of C$286.50 million for the quarter. Cargojet had a net margin of 4.49% and a return on equity of 6.30%. As a group, sell-side analysts anticipate that Cargojet will post 5.89 earnings per share for the current fiscal year.

Cargojet Company Profile

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.