Cargojet (TSE:CJT) Price Target Increased to C$132.00 by Analysts at National Bankshares

Cargojet (TSE:CJT - Get Free Report) had its target price boosted by analysts at National Bankshares from C$129.00 to C$132.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. National Bankshares' price objective would suggest a potential upside of 7.32% from the stock's current price.

A number of other equities research analysts have also issued reports on the company. Scotiabank increased their price target on Cargojet from C$142.00 to C$145.00 and gave the company an "outperform" rating in a research report on Monday, January 22nd. Royal Bank of Canada reduced their price target on Cargojet from C$184.00 to C$182.00 and set an "outperform" rating on the stock in a research report on Tuesday. BMO Capital Markets increased their price target on Cargojet from C$110.00 to C$115.00 and gave the company a "market perform" rating in a research report on Tuesday, February 27th. Laurentian raised Cargojet from a "hold" rating to a "buy" rating and increased their price target for the company from C$102.00 to C$150.00 in a research report on Tuesday, January 16th. Finally, ATB Capital increased their price target on Cargojet from C$155.00 to C$160.00 and gave the company an "outperform" rating in a research report on Tuesday, February 27th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Cargojet presently has an average rating of "Moderate Buy" and an average target price of C$148.91.

Cargojet Trading Up 2.7 %

CJT traded up C$3.24 during mid-day trading on Tuesday, hitting C$123.00. 184,809 shares of the stock were exchanged, compared to its average volume of 45,866. The firm's fifty day moving average is C$112.27 and its two-hundred day moving average is C$107.90. Cargojet has a 1-year low of C$76.50 and a 1-year high of C$125.44. The company has a current ratio of 1.49, a quick ratio of 0.79 and a debt-to-equity ratio of 101.87. The company has a market cap of C$2.08 billion, a PE ratio of 57.25 and a beta of 1.03.

Cargojet (TSE:CJT - Get Free Report) last posted its earnings results on Monday, February 26th. The company reported C($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.88 by C($1.02). Cargojet had a return on equity of 4.62% and a net margin of 4.25%. The firm had revenue of C$221.90 million for the quarter, compared to analyst estimates of C$250.58 million. Equities analysts forecast that Cargojet will post 3.6871632 earnings per share for the current fiscal year.

Cargojet Company Profile

Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.