Stifel Canada Upgrades Cargojet (TSE:CJT) to Strong-Buy

Cargojet (TSE:CJT - Get Free Report) was upgraded by analysts at Stifel Canada to a "strong-buy" rating in a report issued on Wednesday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. TD Securities increased their price objective on shares of Cargojet from C$150.00 to C$154.00 and gave the company a "buy" rating in a report on Friday, April 25th. BMO Capital Markets cut their price target on Cargojet from C$120.00 to C$95.00 in a report on Tuesday, April 15th. Royal Bank of Canada dropped their target price on Cargojet from C$183.00 to C$177.00 in a report on Monday, April 28th. Scotiabank cut their target price on Cargojet from C$165.00 to C$139.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd. Finally, CIBC lowered their price target on shares of Cargojet from C$163.00 to C$150.00 in a research report on Thursday, April 10th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of C$148.50.

Cargojet Price Performance

Shares of Cargojet stock traded up C$1.92 during trading hours on Wednesday, reaching C$95.08. 93,686 shares of the company's stock were exchanged, compared to its average volume of 93,916. The business has a fifty day moving average of C$87.99 and a two-hundred day moving average of C$98.59. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69. The company has a market capitalization of C$1.52 billion, a P/E ratio of 667.28 and a beta of 0.91. Cargojet has a 1 year low of C$69.60 and a 1 year high of C$144.97.

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.