Cargojet (TSE:CJT) Given a C$149.00 Price Target at Desjardins

Key Points

• Desjardins has set a price target of C$149.00 for Cargojet, implying a potential upside of 58.51% from the stock's previous close, alongside a "buy" rating.
• Cargojet's stock price increased 2.2% on Wednesday, reaching C$94.00, with a market capitalization of C$1.42 billion.
• Several analysts have provided varying price targets for Cargojet, with TD Securities offering a target of C$160.00 and ATB Capital lowering it to C$145.00.

Cargojet (TSE:CJT - Get Free Report) has been given a C$149.00 target price by equities research analysts at Desjardins in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' price objective points to a potential upside of 58.51% from the stock's previous close.

Other analysts also recently issued research reports about the stock. TD Securities increased their target price on shares of Cargojet from C$150.00 to C$160.00 and gave the company a "buy" rating in a report on Friday, August 8th. ATB Capital cut their target price on Cargojet from C$155.00 to C$145.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Scotiabank boosted their price objective on Cargojet from C$138.00 to C$140.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Stifel Canada raised Cargojet to a "strong-buy" rating in a research report on Wednesday, June 11th. Finally, Raymond James Financial set a C$132.00 target price on shares of Cargojet and gave the company an "outperform" rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of C$146.93.

Cargojet Stock Up 2.2%

Shares of CJT traded up C$2.00 on Wednesday, reaching C$94.00. The company's stock had a trading volume of 55,642 shares, compared to its average volume of 84,542. Cargojet has a twelve month low of C$69.60 and a twelve month high of C$144.97. The stock has a market capitalization of C$1.42 billion, a PE ratio of 10.42 and a beta of 1.26. The company has a current ratio of 0.56, a quick ratio of 0.79 and a debt-to-equity ratio of 98.69. The firm has a fifty day moving average of C$99.96 and a 200-day moving average of C$93.61.

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.

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