Research Analysts Offer Predictions for Cargojet Inc’s Q3 2017 Earnings (CJT)
Cargojet Inc (TSE:CJT) – Research analysts at National Bank Financial issued their Q3 2017 earnings estimates for shares of Cargojet in a research report issued on Tuesday. National Bank Financial analyst U. Allem anticipates that the company will post earnings of $0.47 per share for the quarter. National Bank Financial currently has a “Sector Perform” rating and a $53.00 target price on the stock. National Bank Financial also issued estimates for Cargojet’s FY2017 earnings at $1.72 EPS.
A number of other analysts also recently weighed in on CJT. Raymond James Financial, Inc. reduced their price target on shares of Cargojet from C$57.00 to C$55.00 and set an “outperform” rating for the company in a report on Tuesday, May 16th. CIBC increased their price target on shares of Cargojet from C$55.00 to C$56.00 in a report on Wednesday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of C$55.40.
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Cargojet (TSE:CJT) opened at 50.45 on Thursday. The stock has a 50 day moving average of $48.11 and a 200 day moving average of $46.75. Cargojet has a 12-month low of $33.57 and a 12-month high of $52.56. The firm has a market capitalization of $542.03 million and a price-to-earnings ratio of 900.89.
In other news, insider Paul David Rinaldo sold 5,903 shares of the stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of C$46.75, for a total value of C$275,965.25.
Cargojet Inc is a provider of time sensitive overnight air cargo services. The Company’s cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations.
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