Cargojet (TSE:CJT) Given New C$134.00 Price Target at TD

Cargojet (TSE:CJT) had its price objective hoisted by research analysts at TD from C$129.00 to C$134.00 in a report issued on Friday, BayStreet reports. The firm presently has a “buy” rating on the stock. TD‘s target price points to a potential upside of 23.53% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Desjardins raised their target price on shares of Cargojet from C$126.00 to C$135.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Stifel Nicolaus upped their price target on shares of Cargojet from C$125.00 to C$135.00 and gave the company a “buy” rating in a report on Friday. Acumen Capital upped their price target on shares of Cargojet from C$115.00 to C$120.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. National Bank Financial set a C$112.00 price target on Cargojet and gave the stock an “outperform” rating in a research report on Friday, October 2nd. Finally, ATB Cormark Capital Markets lifted their price objective on Cargojet from C$110.00 to C$120.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$126.73.

Cargojet Stock Performance

CJT traded down C$0.29 during trading on Friday, reaching C$108.48. 86,571 shares of the company’s stock were exchanged, compared to its average volume of 105,408. Cargojet has a 1 year low of C$71.00 and a 1 year high of C$112.71. The company has a debt-to-equity ratio of 119.27, a current ratio of 0.83 and a quick ratio of 0.79. The stock has a market capitalization of C$1.61 billion, a P/E ratio of 35.11 and a beta of 0.72. The company’s fifty day simple moving average is C$86.84 and its 200-day simple moving average is C$86.27.

Cargojet (TSE:CJT) last released its quarterly earnings data on Wednesday, November 11th. The company reported C$1.21 EPS for the quarter. The business had revenue of C$286.50 million for the quarter. Cargojet had a net margin of 4.49% and a return on equity of 6.30%. As a group, research analysts predict that Cargojet will post 5.89 earnings per share for the current fiscal year.

About Cargojet

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 aircraft.