Cargojet (TSE:CJT) Upgraded to "Moderate Buy" at Desjardins

Key Points

• Cargojet has been upgraded to a "moderate buy" rating by Desjardins, with a consensus rating of "Buy" and a price target of C$146.77.
• Various analysts have adjusted their price targets for Cargojet, with most estimates between C$130.00 and C$170.00, reflecting a generally positive outlook for the company's stock.
• The stock has shown significant price variability, with a 52-week range from C$69.60 to C$144.97, and is currently trading at approximately C$92.00.

Cargojet (TSE:CJT - Get Free Report) was upgraded by equities researchers at Desjardins to a "moderate buy" rating in a report released on Tuesday,Zacks.com reports.

A number of other analysts have also commented on the company. ATB Capital dropped their price target on 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. Acumen Capital dropped their price target on 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. TD Securities raised their price target on Cargojet from C$150.00 to C$160.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Scotiabank increased their price objective on Cargojet from C$138.00 to C$140.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Stifel Nicolaus increased their price objective on Cargojet from C$125.00 to C$130.00 and gave the stock a "buy" rating in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to MarketBeat, Cargojet has a consensus rating of "Buy" and a consensus price target of C$146.77.

Cargojet Stock Performance

Shares of CJT stock opened at C$92.00 on Tuesday. The stock has a fifty day moving average of C$99.96 and a 200 day moving average of C$93.61. Cargojet has a 52 week low of C$69.60 and a 52 week high of C$144.97. The firm has a market capitalization of C$1.39 billion, a price-to-earnings ratio of 10.20 and a beta of 1.26. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69.

About Cargojet

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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