Cargojet (TSE:CJT) Price Target Lowered to C$120.00 at National Bankshares

Key Points

• National Bankshares has lowered its price target for Cargojet from C$123.00 to C$120.00, maintaining an "outperform" rating, which suggests a potential upside of 42.23% from the stock’s previous close.
• Scotiabank also adjusted its target on Cargojet, reducing it from C$140.00 to C$135.00, while TD Securities raised their target from C$150.00 to C$160.00, indicating mixed analyst sentiment.
• Cargojet's stock is currently trading at C$84.37, showing a 0.8% increase in trading on Wednesday, with a market cap of C$1.27 billion.

Cargojet (TSE:CJT - Get Free Report) had its price target lowered by analysts at National Bankshares from C$123.00 to C$120.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price objective would suggest a potential upside of 42.23% from the company's previous close.

Several other equities analysts also recently commented on the stock. Scotiabank dropped their price target on shares of Cargojet from C$140.00 to C$135.00 in a research note on Friday, October 3rd. TD Securities boosted their target price on shares of Cargojet from C$150.00 to C$160.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Acumen Capital lowered their target price on shares of Cargojet from C$175.00 to C$170.00 and set a "buy" rating for the company in a research note on Monday, August 11th. Desjardins set a C$149.00 target price on shares of Cargojet and gave the stock a "buy" rating in a research note on Wednesday, October 1st. Finally, ATB Capital lowered their target price on shares of Cargojet from C$155.00 to C$145.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$143.07.

Cargojet Trading Up 0.8%

Cargojet stock traded up C$0.71 during trading on Wednesday, hitting C$84.37. The company had a trading volume of 79,091 shares, compared to its average volume of 86,855. Cargojet has a 1-year low of C$69.60 and a 1-year high of C$144.97. 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 company's 50 day simple moving average is C$97.77 and its 200-day simple moving average is C$93.76. The stock has a market cap of C$1.27 billion, a price-to-earnings ratio of 9.35 and a beta of 0.99.

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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