Cargojet (TSE:CJT) PT Set at C$128.00 by TD

Key Points

• TD set a C$128.00 price target for Cargojet and maintained a “buy” rating, implying potential upside of 57.95% from the previous close.
• Analyst sentiment remains positive: ten analysts rate Cargojet a Buy and one rates it Hold, producing a “Moderate Buy” consensus and average price target of C$121.00.
• Cargojet shares fell 0.3% to C$81.04, while the company recently reported quarterly EPS of C$0.47 on revenue of C$275.80 million.

Cargojet (TSE:CJT - Get Free Report) has been given a C$128.00 price target by stock analysts at TD in a research note issued on Thursday, BayStreet reports. The firm presently has a "buy" rating on the stock. TD's target price points to a potential upside of 57.95% from the stock's previous close.

A number of other research analysts also recently issued reports on the company. Acumen Capital boosted their price target on Cargojet from C$115.00 to C$120.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Scotiabank upped their target price on Cargojet from C$120.00 to C$125.00 and gave the company a "sector outperform" rating in a report on Wednesday, August 12th. National Bank Financial lifted their price target on shares of Cargojet from C$109.00 to C$112.00 and gave the company an "outperform" rating in a report on Wednesday, August 12th. BMO Capital Markets upped their price objective on shares of Cargojet from C$85.00 to C$90.00 in a report on Wednesday, August 12th. Finally, ATB Cormark Capital Markets lifted their target price on shares of Cargojet from C$110.00 to C$120.00 and gave the company an "outperform" rating in a research note on Wednesday, August 12th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Cargojet currently has a consensus rating of "Moderate Buy" and a consensus price target of C$121.00.

Cargojet Trading Down 0.3%

Shares of Cargojet stock traded down C$0.28 on Thursday, hitting C$81.04. The stock had a trading volume of 38,644 shares, compared to its average volume of 108,253. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 119.27. Cargojet has a one year low of C$65.60 and a one year high of C$100.87. The stock has a market cap of C$1.20 billion, a price-to-earnings ratio of 26.23 and a beta of 1.03. The stock's 50-day simple moving average is C$85.12 and its two-hundred day simple moving average is C$84.14.

Cargojet (TSE:CJT - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported C$0.47 EPS for the quarter. The company had revenue of C$275.80 million during the quarter. Cargojet had a net margin of 4.49% and a return on equity of 6.30%. As a group, sell-side analysts predict 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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