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

Cargojet (TSE:CJT – Get Free Report) had its price target raised by Scotiabank from C$120.00 to C$125.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 34.37% from the stock’s current price.

Other research analysts also recently issued research reports about the company. BMO Capital Markets increased their target price on Cargojet from C$85.00 to C$90.00 in a report on Wednesday. National Bank Financial boosted their price target on Cargojet from C$108.00 to C$109.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Finally, TD upped their price target on Cargojet from C$118.00 to C$127.00 and gave the company a “buy” rating in a research report on Wednesday. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$120.92.

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Cargojet Stock Down 0.7%

Shares of Cargojet stock traded down C$0.64 during 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. The company has a market cap of C$1.39 billion, a price-to-earnings ratio of 37.97 and a beta of 1.02. The firm’s fifty day moving average is C$84.71 and its 200-day moving average is C$86.21. The company has a debt-to-equity ratio of 123.57, a quick ratio of 0.79 and a current ratio of 0.91. Cargojet has a fifty-two week low of C$65.60 and a fifty-two week high of C$105.26.

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

Cargojet Company Profile

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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.

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