National Bankshares Issues Positive Forecast for Cargojet (TSE:CJT) Stock Price

Cargojet (TSE:CJT) had its target price lifted by stock analysts at National Bankshares from C$95.00 to C$108.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 14.31% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. Royal Bank Of Canada decreased their price target on shares of Cargojet from C$151.00 to C$143.00 and set an “outperform” rating for the company in a research report on Monday, December 22nd. Scotiabank increased their price objective on Cargojet from C$105.00 to C$115.00 and gave the company an “outperform” rating in a report on Wednesday. Raymond James Financial cut their target price on Cargojet from C$132.00 to C$95.00 in a report on Monday, November 10th. Stifel Nicolaus reduced their price target on Cargojet from C$120.00 to C$100.00 in a research report on Monday, November 10th. Finally, TD Securities decreased their price target on Cargojet from C$160.00 to C$120.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat.com, Cargojet presently has a consensus rating of “Buy” and a consensus price target of C$127.62.

Cargojet Trading Up 0.9%

Cargojet stock traded up C$0.86 during trading hours on Friday, hitting C$94.48. The stock had a trading volume of 35,607 shares, compared to its average volume of 118,248. The business’s 50 day simple moving average is C$82.55 and its 200-day simple moving average is C$90.11. Cargojet has a one year low of C$65.60 and a one year high of C$128.19. The stock has a market cap of C$1.43 billion, a price-to-earnings ratio of 12.01 and a beta of 0.79. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69.

Cargojet (TSE:CJT) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.32 earnings per share for the quarter. The company had revenue of C$219.90 million for the quarter. Cargojet had a return on equity of 0.31% and a net margin of 0.25%. On average, equities analysts predict that Cargojet will post 5.890933 EPS for the current fiscal year.

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.