Cargojet (TSE:CJT - Get Free Report) was upgraded by equities researchers at Stifel Canada to a "strong-buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.
A number of other equities research analysts have also recently commented on the stock. BMO Capital Markets reduced their target price on shares of Cargojet from C$120.00 to C$95.00 in a report on Tuesday, April 15th. TD Securities upped their price objective on Cargojet from C$150.00 to C$154.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Royal Bank of Canada lowered their target price on Cargojet from C$183.00 to C$177.00 in a research note on Monday, April 28th. Cormark dropped their target price on Cargojet from C$140.00 to C$120.00 in a report on Wednesday, February 19th. Finally, Canaccord Genuity Group increased their price target on Cargojet from C$165.00 to C$173.00 in a report on Wednesday, February 19th. Eight research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$148.50.
Check Out Our Latest Analysis on CJT
Cargojet Stock Performance
CJT traded down C$0.54 during trading on Wednesday, hitting C$93.16. 70,747 shares of the stock were exchanged, compared to its average volume of 93,918. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69. Cargojet has a 1-year low of C$69.60 and a 1-year high of C$144.97. The stock has a fifty day moving average price of C$87.10 and a two-hundred day moving average price of C$99.12. The firm has a market capitalization of C$1.49 billion, a P/E ratio of 653.80 and a beta of 0.91.
About Cargojet
(
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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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