Cargojet (TSE:CJT) Price Target Raised to C$176.00 at TD Securities

Cargojet (TSE:CJT) had its target price boosted by research analysts at TD Securities from C$173.00 to C$176.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. TD Securities’ price objective indicates a potential upside of 36.47% from the company’s previous close.

Several other research firms also recently commented on CJT. Scotiabank downgraded Cargojet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. CIBC boosted their target price on Cargojet from C$159.00 to C$172.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. Canaccord Genuity Group boosted their target price on Cargojet from C$150.00 to C$156.00 in a report on Wednesday, July 24th. Royal Bank of Canada upped their price target on Cargojet from C$182.00 to C$189.00 and gave the company an “outperform” rating in a report on Monday, July 8th. Finally, Acumen Capital increased their target price on Cargojet from C$165.00 to C$175.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Cargojet has an average rating of “Moderate Buy” and a consensus price target of C$159.55.

Cargojet Stock Up 4.0 %

Cargojet stock traded up C$4.97 during mid-day trading on Thursday, hitting C$128.97. The company had a trading volume of 38,797 shares, compared to its average volume of 56,531. The company has a current ratio of 0.96, a quick ratio of 0.79 and a debt-to-equity ratio of 85.77. The stock’s 50 day moving average price is C$128.35 and its two-hundred day moving average price is C$119.77. Cargojet has a 12 month low of C$76.50 and a 12 month high of C$143.64. The company has a market capitalization of C$2.12 billion, a PE ratio of 55.20 and a beta of 0.90.

Insiders Place Their Bets

In other Cargojet news, Senior Officer Pauline Dhillon sold 7,607 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of C$118.50, for a total transaction of C$901,429.50. Following the completion of the transaction, the insider now owns 445 shares of the company’s stock, valued at C$52,732.50. In other Cargojet news, Senior Officer Pauline Dhillon sold 7,607 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of C$118.50, for a total transaction of C$901,429.50. Following the completion of the transaction, the insider now owns 445 shares of the company’s stock, valued at C$52,732.50. Also, Director Arlene Dickinson sold 1,400 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of C$112.00, for a total value of C$156,800.00. In the last three months, insiders sold 18,979 shares of company stock worth $2,442,315. Corporate insiders own 2.65% of the company’s stock.

About Cargojet

Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.