Cargojet (TSE:CJT) Given “Outperform” Rating at AltaCorp Capital

AltaCorp Capital restated their outperform rating on shares of Cargojet (TSE:CJT) in a research report released on Sunday morning, reports.

Several other equities research analysts also recently weighed in on CJT. CIBC upped their target price on shares of Cargojet from C$115.00 to C$120.00 in a research note on Tuesday, November 5th. Royal Bank of Canada cut their target price on shares of Cargojet from C$136.00 to C$126.00 and set an outperform rating on the stock in a research note on Tuesday, November 5th. Finally, Raymond James reaffirmed a market perform rating and set a C$95.00 target price on shares of Cargojet in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Cargojet currently has an average rating of Hold and a consensus price target of C$110.50.

Shares of CJT stock opened at C$109.78 on Friday. The firm’s 50 day moving average price is C$103.03 and its 200-day moving average price is C$96.97. The company has a debt-to-equity ratio of 425.06, a quick ratio of 0.44 and a current ratio of 0.59. Cargojet has a one year low of C$72.13 and a one year high of C$110.54. The firm has a market cap of $1.48 billion and a P/E ratio of 66.13.

Cargojet (TSE:CJT) last issued its quarterly earnings data on Monday, November 4th. The company reported C$0.26 EPS for the quarter, topping the consensus estimate of C$0.12 by C$0.14. The company had revenue of C$117.40 million during the quarter, compared to analyst estimates of C$122.20 million. As a group, research analysts predict that Cargojet will post 1.7300001 EPS for the current fiscal year.

In other Cargojet news, Director Jamie Bennett Porteous sold 1,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$104.93, for a total value of C$104,930.00. Following the sale, the director now directly owns 1,335 shares of the company’s stock, valued at approximately C$140,081.55.

Cargojet Company Profile

Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic overnight air cargo co-load network between 14 cities in Canada; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.

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Analyst Recommendations for Cargojet (TSE:CJT)

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