ATB Capital Lowers Cargojet (TSE:CJT) Price Target to C$145.00

Key Points

• ATB Capital has revised its target price for Cargojet (TSE:CJT) from C$155.00 to C$145.00, maintaining an "outperform" rating, which suggests a 40.04% potential upside from the current stock price.
• The consensus target price for Cargojet is currently C$148.25, with seven analysts rating the stock as a buy and one issuing a strong buy rating.
• Shares of Cargojet have recently traded at C$103.54, with a market capitalization of C$1.66 billion and a significant P/E ratio of 726.65.

Cargojet (TSE:CJT - Get Free Report) had its price objective decreased by equities research analysts at ATB Capital from C$155.00 to C$145.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. ATB Capital's price target suggests a potential upside of 38.64% from the company's previous close.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets dropped their target price on Cargojet from C$120.00 to C$95.00 in a research report on Tuesday, April 15th. Stifel Nicolaus set a C$125.00 target price on Cargojet and gave the stock a "buy" rating in a research report on Thursday, June 12th. Stifel Canada upgraded Cargojet to a "strong-buy" rating in a research report on Wednesday, June 11th. TD Securities upped their price objective on Cargojet from C$150.00 to C$160.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, CIBC dropped their price objective on Cargojet from C$163.00 to C$150.00 in a report on Thursday, April 10th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$148.00.

Cargojet Trading Up 1.3%

Shares of CJT stock traded up C$1.36 on Friday, reaching C$104.59. 11,169 shares of the stock were exchanged, compared to its average volume of 88,178. The stock has a market cap of C$1.67 billion, a PE ratio of 734.02 and a beta of 0.91. Cargojet has a one year low of C$69.60 and a one year high of C$144.97. The company has a debt-to-equity ratio of 98.69, a current ratio of 0.56 and a quick ratio of 0.79. The stock has a 50 day moving average price of C$99.15 and a 200 day moving average price of C$94.79.

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.