Cargojet (TSE:CJT) Price Target Lowered to C$100.00 at Stifel Nicolaus

Cargojet (TSE:CJT) had its target price cut by analysts at Stifel Nicolaus from C$120.00 to C$100.00 in a note issued to investors on Monday,BayStreet.CA reports. Stifel Nicolaus’ target price suggests a potential upside of 46.01% from the stock’s previous close.

Several other brokerages also recently weighed in on CJT. Raymond James Financial set a C$132.00 price target on Cargojet and gave the stock an “outperform” rating in a report on Friday, September 5th. National Bankshares reduced their target price on shares of Cargojet from C$123.00 to C$120.00 and set an “outperform” rating for the company in a research note on Wednesday, October 15th. Scotiabank dropped their price target on shares of Cargojet from C$140.00 to C$135.00 in a research note on Friday, October 3rd. TD Securities decreased their target price on shares of Cargojet from C$160.00 to C$120.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Acumen Capital cut their price target on shares of Cargojet from C$175.00 to C$170.00 and set a “buy” rating for the company in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$133.15.

Cargojet Stock Performance

Shares of TSE CJT traded down C$0.84 during midday trading on Monday, reaching C$68.49. 183,482 shares of the company were exchanged, compared to its average volume of 94,664. Cargojet has a 1 year low of C$65.60 and a 1 year high of C$139.54. The stock has a fifty day simple moving average of C$89.80 and a 200 day simple moving average of C$94.35. The company has a current ratio of 0.56, a quick ratio of 0.79 and a debt-to-equity ratio of 98.69. The stock has a market cap of C$1.07 billion, a P/E ratio of 8.70 and a beta of 0.85.

About Cargojet

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.