Cargojet Inc (CJT) Earns Outperform Rating from CIBC
Other equities analysts have also recently issued research reports about the stock. RBC Capital Markets raised their target price on shares of Cargojet from C$41.00 to C$52.00 and gave the company an outperform rating in a research note on Friday, September 16th. Acumen Capital reissued a buy rating and set a C$38.50 target price on shares of Cargojet in a research note on Thursday, August 11th. Cantor Fitzgerald reissued a buy rating on shares of Cargojet in a research note on Monday, June 13th. Royal Bank Of Canada raised their target price on shares of Cargojet from C$38.00 to C$41.00 and gave the company an outperform rating in a research note on Wednesday, August 17th. Finally, National Bank Financial raised shares of Cargojet from a sector perform market weight rating to an outperform market weight rating in a research note on Monday, August 15th. Six equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and an average price target of C$44.30.
Cargojet (TSE:CJT) opened at 43.64 on Monday. The firm has a market cap of $459.75 million and a price-to-earnings ratio of 98.73. The stock has a 50 day moving average of $38.59 and a 200-day moving average of $32.38. Cargojet has a 52-week low of $19.63 and a 52-week high of $44.02.
Cargojet Company Profile
Cargojet Inc is a provider of time sensitive overnight air cargo services. The Company’s cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations.
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