Cargojet (TSE:CJT) Given New C$115.00 Price Target at Scotiabank

Cargojet (TSE:CJT) had its target price boosted by equities research analysts at Scotiabank from C$105.00 to C$115.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price points to a potential upside of 24.49% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. National Bankshares lowered their price target on shares of Cargojet from C$123.00 to C$120.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 15th. Stifel Nicolaus reduced their price target on shares of Cargojet from C$120.00 to C$100.00 in a research report on Monday, November 10th. Desjardins raised their price objective on Cargojet from C$117.00 to C$118.00 and gave the company a “buy” rating in a research note on Friday, December 12th. CIBC decreased their target price on Cargojet from C$142.00 to C$132.00 in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada dropped their price target on Cargojet from C$151.00 to C$143.00 and set an “outperform” rating for the company in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$126.62.

Cargojet Stock Performance

TSE CJT traded up C$2.11 during trading hours on Wednesday, hitting C$92.38. 51,024 shares of the stock were exchanged, compared to its average volume of 109,074. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69. The company has a market cap of C$1.39 billion, a price-to-earnings ratio of 11.74 and a beta of 0.79. Cargojet has a 12-month low of C$65.60 and a 12-month high of C$128.19. The stock has a 50-day moving average of C$81.71 and a 200 day moving average of C$90.06.

Cargojet (TSE:CJT) last released its earnings results on Wednesday, November 5th. The company reported C$0.32 earnings per share (EPS) for the quarter. Cargojet had a return on equity of 0.31% and a net margin of 0.25%.The company had revenue of C$219.90 million for the quarter. As a group, equities research analysts forecast that Cargojet will post 5.890933 earnings per share for the current year.

Cargojet Company Profile

Cargojet Inc operates a domestic air cargo co-load network between sixteen major Canadian cities. The company provides dedicated aircraft to customers on an Aircraft, Crew, Maintenance and Insurance basis, operating between points in Canada, USA, Mexico and Europe. The company also operates scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada, UK and Germany; and between Canada and Mexico.