Cargojet (TSE:CJT) Raised to "Moderate Buy" at Raymond James Financial

Key Points

• Cargojet has been upgraded to a "moderate buy" rating by Raymond James Financial, reflecting positive sentiment from analysts regarding its stock performance.
• Target prices have been adjusted by several analysts, with Stifel Nicolaus raising it to C$130.00 and TD Securities increasing it to C$160.00, indicating strong buying interest.
• The stock currently has an average price target of C$146.77 and a market capitalization of C$1.55 billion, with a notable 12-month high of C$144.97.

Cargojet (TSE:CJT - Get Free Report) was upgraded by equities research analysts at Raymond James Financial to a "moderate buy" rating in a research note issued to investors on Thursday, September 4th,Zacks.com reports.

Several other research firms have also issued reports on CJT. Stifel Nicolaus upped their target price on Cargojet from C$125.00 to C$130.00 and gave the company a "buy" rating in a report on Monday, August 11th. Acumen Capital reduced their target price on Cargojet from C$175.00 to C$170.00 and set a "buy" rating for the company in a report on Monday, August 11th. ATB Capital reduced their target price on Cargojet from C$155.00 to C$145.00 and set an "outperform" rating for the company in a report on Friday, August 8th. TD Securities upped their target price 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, Stifel Canada raised Cargojet to a "strong-buy" rating in a report on Wednesday, June 11th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of C$146.77.

Cargojet Stock Down 0.1%

CJT stock traded down C$0.13 during trading on Thursday, reaching C$99.78. 25,568 shares of the stock were exchanged, compared to its average volume of 83,898. 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's 50 day moving average is C$101.99 and its 200 day moving average is C$93.24. The firm has a market cap of C$1.51 billion, a P/E ratio of 11.06 and a beta of 1.26. Cargojet has a twelve month low of C$69.60 and a twelve month 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.