Cargojet (TSE:CJT) Price Target Raised to C$177.00

Cargojet (TSE:CJT) had its price objective raised by CIBC from C$172.00 to C$177.00 in a report released on Wednesday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 51.50% from the stock’s previous close.

A number of other brokerages have also weighed in on CJT. Acumen Capital raised their price target on shares of Cargojet from C$175.00 to C$178.00 in a report on Thursday, August 15th. National Bankshares boosted their price target on shares of Cargojet from C$154.00 to C$158.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Cormark boosted their price target on shares of Cargojet from C$135.00 to C$140.00 in a report on Thursday, August 15th. Canaccord Genuity Group boosted their price target on shares of Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. Finally, TD Securities cut their price objective on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$159.27.

Cargojet Price Performance

Shares of TSE:CJT traded down C$0.46 during trading on Wednesday, reaching C$116.83. The stock had a trading volume of 35,919 shares, compared to its average volume of 56,766. Cargojet has a 52 week low of C$102.41 and a 52 week high of C$144.97. The business’s 50-day moving average price is C$132.30 and its 200 day moving average price is C$128.30. The company has a debt-to-equity ratio of 99.84, a current ratio of 0.59 and a quick ratio of 0.79. The stock has a market capitalization of C$1.89 billion, a PE ratio of -122.98 and a beta of 0.91.

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.