Cargojet (TSE:CJT) had its price objective reduced by stock analysts at National Bankshares from C$231.00 to C$226.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. National Bankshares’ price target would suggest a potential upside of 25.79% from the stock’s current price.
CJT has been the topic of a number of other reports. Royal Bank of Canada dropped their target price on shares of Cargojet from C$318.00 to C$293.00 and set an “outperform” rating on the stock in a research report on Tuesday. Cormark reaffirmed an “outperform” rating on shares of Cargojet in a research report on Thursday, March 4th. Canaccord Genuity lowered their price objective on shares of Cargojet from C$250.00 to C$200.00 in a research report on Tuesday, March 2nd. CIBC reissued an “outperform” rating and set a C$245.00 price objective on shares of Cargojet in a research report on Monday. Finally, National Bank Financial lowered their price objective on shares of Cargojet to C$226.00 and set an “outperform” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of C$246.67.
Shares of TSE:CJT traded down C$2.20 during trading hours on Tuesday, reaching C$179.67. The stock had a trading volume of 63,123 shares, compared to its average volume of 96,630. Cargojet has a 1 year low of C$125.18 and a 1 year high of C$250.01. The firm’s 50 day moving average is C$174.09 and its 200-day moving average is C$201.54. The company has a debt-to-equity ratio of 326.94, a quick ratio of 0.25 and a current ratio of 0.53. The stock has a market capitalization of C$3.11 billion and a price-to-earnings ratio of -31.92.
Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic overnight air cargo services between fourteen cities in North America; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.
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