TD Securities Issues Pessimistic Forecast for Cargojet (TSE:CJT) Stock Price

Cargojet (TSE:CJT) had its price target dropped by TD Securities from C$167.00 to C$165.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 33.98% from the stock’s previous close.

Several other research firms have also recently commented on CJT. ATB Capital reduced their price target on Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. Canaccord Genuity Group raised their price target on Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. Cormark raised their price objective on Cargojet from C$135.00 to C$140.00 in a research note on Thursday, August 15th. Acumen Capital boosted their target price on Cargojet from C$175.00 to C$178.00 in a research report on Thursday, August 15th. Finally, National Bankshares boosted their target price on Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$158.82.

Cargojet Stock Up 0.5 %

Cargojet stock opened at C$123.15 on Thursday. Cargojet has a twelve month low of C$93.55 and a twelve month high of C$144.97. The stock has a 50 day moving average of C$134.05 and a two-hundred day moving average of C$128.29. The company has a current ratio of 0.59, a quick ratio of 0.79 and a debt-to-equity ratio of 99.84. The stock has a market capitalization of C$1.99 billion, a price-to-earnings ratio of -130.26 and a beta of 0.91.

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.