BMO Capital Markets Issues Pessimistic Forecast for Cargojet (TSE:CJT) Stock Price

Cargojet (TSE:CJT) had its price objective lowered by BMO Capital Markets from C$120.00 to C$95.00 in a note issued to investors on Tuesday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 23.47% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Scotiabank cut their target price on shares of Cargojet from C$165.00 to C$139.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 2nd. CIBC cut their price objective on Cargojet from C$163.00 to C$150.00 in a research report on Thursday, April 10th. Canaccord Genuity Group lifted their target price on Cargojet from C$165.00 to C$173.00 in a report on Wednesday, February 19th. Cormark cut their price target on Cargojet from C$140.00 to C$120.00 in a report on Wednesday, February 19th. Finally, Royal Bank of Canada lifted their price objective on Cargojet from C$189.00 to C$193.00 in a research note on Wednesday, February 19th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$151.73.

Cargojet Stock Performance

Shares of Cargojet stock opened at C$76.94 on Tuesday. The company has a debt-to-equity ratio of 98.69, a current ratio of 0.56 and a quick ratio of 0.79. The stock has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 539.97 and a beta of 0.91. The business has a 50-day moving average of C$90.26 and a 200 day moving average of C$111.56. Cargojet has a 12 month low of C$69.60 and a 12 month high of C$144.97.

Cargojet Company Profile

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.