Cargojet (TSE:CJT) PT Set at C$128.00 by TD

Cargojet (TSE:CJT) has been assigned a C$128.00 target price by stock analysts at TD in a research report issued to clients and investors on Thursday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. TD’s target price would indicate a potential upside of 57.95% from the stock’s previous close.

CJT has been the topic of several other reports. Desjardins increased their price target on Cargojet from C$126.00 to C$135.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. ATB Cormark Capital Markets raised their target price on Cargojet from C$110.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. BMO Capital Markets upped their price target on shares of Cargojet from C$85.00 to C$90.00 in a research report on Wednesday, August 12th. National Bank Financial increased their price objective on shares of Cargojet from C$109.00 to C$112.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Finally, Acumen Capital boosted their target price on shares of Cargojet from C$115.00 to C$120.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$121.00.

Cargojet Stock Performance

TSE CJT traded down C$0.28 during trading hours on Thursday, hitting C$81.04. The company’s stock had a trading volume of 38,644 shares, compared to its average volume of 108,253. Cargojet has a 12 month low of C$65.60 and a 12 month high of C$100.87. The company’s 50 day simple moving average is C$85.12 and its two-hundred day simple moving average is C$84.14. 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 company has a market cap of C$1.20 billion, a P/E ratio of 26.23 and a beta of 1.03.

Cargojet (TSE:CJT) last announced its quarterly earnings results on Monday, August 10th. The company reported C$0.47 earnings per share (EPS) for the quarter. Cargojet had a net margin of 4.49% and a return on equity of 6.30%. The firm had revenue of C$275.80 million for the quarter. As a group, sell-side analysts expect that Cargojet will post 5.890933 EPS 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.