Cargojet (TSE:CJT) Given New C$151.00 Price Target at National Bankshares

Cargojet (TSE:CJT) had its target price reduced by analysts at National Bankshares from C$158.00 to C$151.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 21.64% from the company’s current price.

A number of other brokerages also recently issued reports on CJT. CIBC raised their price objective on Cargojet from C$172.00 to C$177.00 in a research report on Wednesday, December 4th. Scotiabank decreased their price objective on shares of Cargojet from C$174.00 to C$170.00 in a report on Monday. Canaccord Genuity Group lifted their target price on shares of Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. ATB Capital decreased their price target on Cargojet from C$165.00 to C$155.00 in a research note on Wednesday, November 6th. Finally, TD Securities cut their price objective on Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$160.50.

Cargojet Trading Down 2.3 %

CJT traded down C$2.86 during trading hours on Tuesday, reaching C$124.14. The company’s stock had a trading volume of 53,799 shares, compared to its average volume of 90,487. The business’s 50-day moving average is C$115.39 and its 200-day moving average is C$125.89. The company has a debt-to-equity ratio of 99.84, a current ratio of 0.59 and a quick ratio of 0.79. The stock has a market cap of C$2.00 billion, a PE ratio of -130.67 and a beta of 0.91. Cargojet has a fifty-two week low of C$100.01 and a fifty-two week high of C$144.97.

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.