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 approximately 39.4% upside from the reported C$91.81 share price.
• Analyst sentiment remains positive: 10 analysts rate Cargojet a Buy and one rates it a Hold, producing a “Moderate Buy” consensus rating and an average target of C$121.00.
• Cargojet reported quarterly revenue of C$275.8 million and earnings of C$0.47 per share; its shares rose C$3.71 to C$91.81 in Friday trading.

Cargojet (TSE:CJT - Get Free Report) has been given a C$128.00 price target by analysts at TD in a research report issued on Friday, BayStreet reports. The brokerage currently has a "buy" rating on the stock. TD's price objective indicates a potential upside of 39.42% from the stock's current price.

Several other brokerages have also recently issued reports on CJT. Scotiabank raised their price objective on 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. Acumen Capital boosted their target price on shares of Cargojet from C$115.00 to C$120.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Desjardins boosted their price target on shares of Cargojet from C$126.00 to C$135.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. BMO Capital Markets increased their price objective on Cargojet from C$85.00 to C$90.00 in a report on Wednesday, August 12th. Finally, National Bank Financial boosted their price target on Cargojet from C$109.00 to C$112.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 12th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Cargojet has an average rating of "Moderate Buy" and a consensus target price of C$121.00.

Cargojet Price Performance

Shares of Cargojet stock traded up C$3.71 on Friday, hitting C$91.81. The company's stock had a trading volume of 109,535 shares, compared to its average volume of 107,356. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 119.27. 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 firm has a fifty day moving average price of C$85.05 and a 200-day moving average price of C$83.79. Cargojet has a 52-week low of C$65.60 and a 52-week high of C$100.87.

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