Cargojet (TSE:CJT) PT Lowered to C$182.00

Cargojet (TSE:CJT) had its target price dropped by equities researchers at Royal Bank of Canada from C$184.00 to C$182.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 55.45% from the company’s previous close.

Several other brokerages have also recently issued reports on CJT. Scotiabank increased their price objective on Cargojet from C$142.00 to C$145.00 and gave the company an “outperform” rating in a research note on Monday, January 22nd. BMO Capital Markets increased their price objective on Cargojet from C$110.00 to C$115.00 and gave the company a “market perform” rating in a research note on Tuesday, February 27th. Cormark reduced their price objective on Cargojet from C$121.00 to C$120.00 in a research note on Tuesday, February 27th. Acumen Capital increased their price objective on Cargojet from C$160.00 to C$165.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, ATB Capital raised their price target on Cargojet from C$155.00 to C$160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Cargojet presently has an average rating of “Moderate Buy” and a consensus target price of C$148.91.

Cargojet Trading Down 4.8 %

CJT opened at C$117.08 on Tuesday. Cargojet has a 52 week low of C$76.50 and a 52 week high of C$125.44. The business has a fifty day simple moving average of C$112.32 and a 200-day simple moving average of C$108.21. The firm has a market cap of C$1.98 billion, a P/E ratio of 53.71 and a beta of 1.03. The company has a quick ratio of 0.79, a current ratio of 1.49 and a debt-to-equity ratio of 101.87.

Cargojet (TSE:CJT) last released its quarterly earnings results on Monday, February 26th. The company reported C($0.14) EPS for the quarter, missing the consensus estimate of C$0.88 by C($1.02). The firm had revenue of C$221.90 million for the quarter, compared to analysts’ expectations of C$250.58 million. Cargojet had a return on equity of 4.62% and a net margin of 4.25%. On average, equities analysts expect that Cargojet will post 3.6871632 earnings per share for the current year.

Cargojet Company Profile

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.