Royal Bank of Canada Increases Cargojet (TSE:CJT) Price Target to C$193.00

Cargojet (TSE:CJT) had its price target upped by analysts at Royal Bank of Canada from C$189.00 to C$193.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Royal Bank of Canada’s target price suggests a potential upside of 83.67% from the stock’s previous close.

A number of other analysts also recently weighed in on CJT. ATB Capital cut their price target on shares of Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. Canaccord Genuity Group upped their target price on Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th. National Bankshares decreased their price target on Cargojet from C$158.00 to C$151.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. TD Securities lowered their price target on Cargojet from C$167.00 to C$165.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Finally, Scotiabank reduced their price objective on Cargojet from C$170.00 to C$165.00 in a research note on Wednesday. Two investment 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. According to data from MarketBeat, Cargojet presently has a consensus rating of “Moderate Buy” and an average price target of C$158.45.

Cargojet Trading Down 2.2 %

CJT opened at C$105.08 on Wednesday. The stock has a market capitalization of C$1.68 billion, a price-to-earnings ratio of 737.46 and a beta of 0.91. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69. Cargojet has a twelve month low of C$100.01 and a twelve month high of C$144.97. The company has a 50-day simple moving average of C$112.76 and a 200 day simple moving average of C$123.05.

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.