Royal Bank Of Canada Boosts Cargojet Inc (CJT) Price Target to C$52.00
Cargojet Inc (TSE:CJT) had its price objective upped by Royal Bank Of Canada from C$41.00 to C$52.00 in a research note published on Friday morning, StockTargetPrices.com reports. They currently have an outperform rating on the stock.
Several other analysts also recently commented on CJT. Cantor Fitzgerald reaffirmed a buy rating on shares of Cargojet in a research note on Monday, June 13th. Acumen Capital reaffirmed a buy rating and set a C$38.50 price objective on shares of Cargojet in a research note on Thursday, August 11th. RBC Capital Markets raised their price objective on Cargojet from C$38.00 to C$41.00 and gave the stock an outperform rating in a research note on Tuesday, August 16th. Finally, 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. Six analysts have rated the stock with a buy rating, Cargojet has a consensus rating of Buy and a consensus target price of C$44.30.
Cargojet (TSE:CJT) opened at 43.00 on Friday. Cargojet has a 1-year low of $19.63 and a 1-year high of $43.56. The stock has a 50 day moving average price of $38.30 and a 200 day moving average price of $32.30. The firm has a market capitalization of $453.01 million and a price-to-earnings ratio of 97.29.
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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