Canadian Imperial Bank of Commerce Boosts Cargojet (TSE:CJT) Price Target to C$116.00

Cargojet (TSE:CJT) had its price target lifted by equities research analysts at Canadian Imperial Bank of Commerce from C$106.00 to C$116.00 in a research report issued on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price suggests a potential upside of 17.27% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. TD Securities reduced their price target on shares of Cargojet from C$160.00 to C$120.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Stifel Nicolaus cut their price objective on shares of Cargojet from C$120.00 to C$100.00 in a research report on Monday, November 10th. Royal Bank Of Canada lowered their target price on Cargojet from C$151.00 to C$143.00 and set an “outperform” rating on the stock in a research report on Monday, December 22nd. Desjardins increased their price target on Cargojet from C$117.00 to C$118.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Finally, National Bank Financial boosted their price objective on Cargojet from C$95.00 to C$108.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$125.45.

Cargojet Stock Up 7.1%

Shares of CJT stock traded up C$6.54 during mid-day trading on Thursday, hitting C$98.92. The company’s stock had a trading volume of 213,616 shares, compared to its average volume of 121,744. The stock has a market cap of C$1.49 billion, a price-to-earnings ratio of 12.57 and a beta of 0.82. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56. Cargojet has a 52-week low of C$65.60 and a 52-week high of C$113.89. The business has a 50-day moving average price of C$91.01 and a 200 day moving average price of C$88.91.

Cargojet (TSE:CJT) last released its quarterly earnings data on Tuesday, February 24th. The company reported C$1.47 EPS for the quarter. Cargojet had a return on equity of 0.31% and a net margin of 0.25%.The company had revenue of C$284.70 million during the quarter. Research analysts predict that Cargojet will post 5.890933 EPS for the current fiscal 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.