Stifel Nicolaus Issues Positive Forecast for Cargojet (TSE:CJT) Stock Price

Key Points

• Stifel Nicolaus raised Cargojet's target price from C$125.00 to C$130.00, suggesting a potential upside of 29.53% based on the company's previous close.
• Other analysts like Scotiabank and TD Securities have also increased their price targets, with Scotiabank setting it at C$140.00 and TD Securities at C$160.00.
• Cargojet's stock recently traded down by 1.6%, reaching C$100.36 during midday trading, while the company maintains a market cap of C$1.61 billion.

Cargojet (TSE:CJT - Get Free Report) had its target price hoisted by equities researchers at Stifel Nicolaus from C$125.00 to C$130.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' price objective would suggest a potential upside of 25.79% from the stock's current price.

CJT has been the topic of a number of other research reports. TD Securities lifted their price target on Cargojet from C$150.00 to C$160.00 and gave the company a "buy" rating in a report on Friday, August 8th. Stifel Canada upgraded Cargojet to a "strong-buy" rating in a report on Wednesday, June 11th. Royal Bank Of Canada lowered their price target on Cargojet from C$183.00 to C$177.00 in a report on Monday, April 28th. BMO Capital Markets lowered their price target on Cargojet from C$120.00 to C$95.00 in a report on Tuesday, April 15th. Finally, ATB Capital lowered their price target on Cargojet from C$155.00 to C$145.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Cargojet has an average rating of "Buy" and an average target price of C$148.00.

Cargojet Price Performance

Shares of TSE CJT traded down C$1.64 during mid-day trading on Monday, reaching C$103.35. The company had a trading volume of 7,391 shares, compared to its average volume of 88,035. 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 stock has a market cap of C$1.65 billion, a PE ratio of 725.32 and a beta of 0.91. The company has a 50-day moving average price of C$99.36 and a two-hundred day moving average price of C$94.86. 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.