Q3 2016 EPS Estimates for Cargojet Inc Reduced by Beacon Securities (CJT)
Cargojet Inc (TSE:CJT) – Stock analysts at Beacon Securities reduced their Q3 2016 earnings per share estimates for shares of Cargojet in a report issued on Thursday. Beacon Securities analyst G. Trapkov now anticipates that the firm will post earnings per share of $0.04 for the quarter, down from their prior estimate of $0.30. Beacon Securities also issued estimates for Cargojet’s FY2016 earnings at $1.57 EPS.
Several other equities research analysts have also recently weighed in on CJT. CIBC reaffirmed an “outperform” rating and issued a C$48.00 price target on shares of Cargojet in a research note on Monday. National Bank Financial raised Cargojet from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Monday, August 15th. RBC Capital Markets upped their price target on Cargojet from C$41.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Friday, September 16th. Royal Bank Of Canada upped their price target on Cargojet from C$41.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Friday, September 16th. Finally, Acumen Capital reaffirmed a “buy” rating and issued a C$38.50 price target on shares of Cargojet in a research note on Thursday, August 11th. Six equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of C$44.30.
Shares of Cargojet (TSE:CJT) opened at 43.00 on Monday. Cargojet has a one year low of $19.63 and a one year high of $43.56. The stock has a market cap of $453.01 million and a price-to-earnings ratio of 97.29. The company has a 50-day moving average price of $38.30 and a 200 day moving average price of $32.30.
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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