Scotiabank Lowers Cargojet (TSE:CJT) Price Target to C$170.00

Cargojet (TSE:CJT) had its price target decreased by Scotiabank from C$174.00 to C$170.00 in a research note issued on Thursday,BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 42.76% from the company’s previous close.

Several other research analysts have also commented on CJT. TD Securities reduced their price target 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. Canaccord Genuity Group boosted their target price on shares of Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. National Bankshares dropped their price target on shares of Cargojet from C$158.00 to C$151.00 and set an “outperform” rating for the company in a research note on Thursday. CIBC lifted their price target on shares of Cargojet from C$172.00 to C$177.00 in a research report on Wednesday, December 4th. Finally, ATB Capital lowered their price objective on Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. 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. Based on data from MarketBeat, Cargojet currently has a consensus rating of “Moderate Buy” and an average target price of C$160.50.

Cargojet Trading Down 3.8 %

Shares of CJT stock opened at C$119.08 on Thursday. Cargojet has a fifty-two week low of C$100.01 and a fifty-two week high of C$144.97. The company has a debt-to-equity ratio of 99.84, a quick ratio of 0.79 and a current ratio of 0.59. The stock’s fifty day moving average is C$114.52 and its two-hundred day moving average is C$124.99. The firm has a market capitalization of C$1.92 billion, a P/E ratio of -125.35 and a beta of 0.91.

Cargojet (TSE:CJT) last posted its quarterly earnings results on Monday, November 4th. The company reported C$1.48 earnings per share for the quarter, topping the consensus estimate of C$1.14 by C$0.34. Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. During the same period in the prior year, the company earned $0.30 EPS. Research analysts expect that Cargojet will post 5.890933 earnings per share for the current fiscal year.

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.