FY2017 EPS Estimates for Cargojet Inc (CJT) Lifted by Analyst
Cargojet Inc (TSE:CJT) – Research analysts at National Bank Financial raised their FY2017 earnings estimates for shares of Cargojet in a note issued to investors on Thursday. National Bank Financial analyst U. Allem now expects that the brokerage will post earnings per share of $1.96 for the year, up from their prior estimate of $1.75. National Bank Financial currently has a “Outperform” rating on the stock.
CJT has been the subject of several other reports. CIBC reiterated an “outperform” rating and issued a C$48.00 price target on shares of Cargojet in a research report on Monday. Royal Bank Of Canada lifted their price target on Cargojet from C$41.00 to C$52.00 and gave the company an “outperform” rating in a research report on Friday. RBC Capital Markets lifted their price target on Cargojet from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research report on Tuesday, August 16th. Acumen Capital reissued a “buy” rating and set a C$38.50 price objective on shares of Cargojet in a research note on Thursday, August 11th. Finally, Cantor Fitzgerald reissued a “buy” rating on shares of Cargojet in a research note on Monday, June 13th. Six analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of C$44.30.
Shares of Cargojet (TSE:CJT) traded down 0.31% during trading on Monday, reaching $42.36. The company’s stock had a trading volume of 7,180 shares. The stock’s 50-day moving average is $38.16 and its 200-day moving average is $32.17. Cargojet has a 12-month low of $19.02 and a 12-month high of $43.00. The stock has a market cap of $446.26 million and a P/E ratio of 95.84.
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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