Cargojet (TSE:CJT) Price Target Cut to C$226.00 by Analysts at National Bankshares


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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 (TSE:CJT) last announced its quarterly earnings data on Monday, March 1st. The company reported C$1.69 EPS for the quarter, missing the Zacks’ consensus estimate of C$1.89 by C($0.20). The business had revenue of C$187.10 million for the quarter, compared to the consensus estimate of C$175.50 million. Analysts forecast that Cargojet will post 5.6199997 EPS for the current year.

About Cargojet

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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Analyst Recommendations for Cargojet (TSE:CJT)

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