Cargojet (TSE:CJT) PT Set at C$112.00 by National Bank Financial

Key Points

• National Bank Financial assigned Cargojet a C$112 price target and an “outperform” rating, implying approximately 22% upside from the current price.
• Analyst sentiment is broadly positive: ten analysts rate Cargojet a Buy and one rates it Hold, with a consensus price target of C$121.
• Cargojet shares rose 4.2% to C$91.81 in Friday trading. The company recently reported quarterly revenue of C$275.8 million and earnings of C$0.47 per share.

Cargojet (TSE:CJT - Get Free Report) received a C$112.00 price target from analysts at National Bank Financial in a research note issued to investors on Friday, BayStreet reports. The brokerage currently has an "outperform" rating on the stock. National Bank Financial's price objective points to a potential upside of 21.99% from the stock's current price.

Several other research firms have also recently issued reports on CJT. TD set a C$128.00 price objective on Cargojet and gave the stock a "buy" rating in a report on Friday. BMO Capital Markets boosted their price target on Cargojet from C$85.00 to C$90.00 in a research report on Wednesday, August 12th. ATB Cormark Capital Markets increased their price objective 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. 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 report on Wednesday, August 12th. Finally, Scotiabank lifted their target price on shares of Cargojet from C$120.00 to C$125.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, August 12th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$121.00.

Cargojet Stock Up 4.2%

TSE:CJT traded up C$3.71 during mid-day trading on Friday, hitting C$91.81. 109,535 shares of the company's stock traded hands, compared to its average volume of 107,356. The company has a fifty day moving average of C$85.05 and a 200 day moving average of C$83.79. Cargojet has a twelve month low of C$65.60 and a twelve month high of C$100.87. The company has a market capitalization of C$1.36 billion, a P/E 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.

Cargojet (TSE:CJT - Get Free Report) last released its earnings results on Monday, August 10th. The company reported C$0.47 earnings per share for the quarter. Cargojet had a net margin of 4.49% and a return on equity of 6.30%. The company had revenue of C$275.80 million for the quarter. On average, analysts forecast that Cargojet will post 5.890933 EPS for the current 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.

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