National Bankshares Has Lowered Expectations for Cargojet (TSE:CJT) Stock Price

Cargojet (TSE:CJT) had its price target dropped by analysts at National Bankshares from C$158.00 to C$151.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective points to a potential upside of 26.81% from the company’s previous close.

CJT has been the subject of a number of other reports. CIBC increased their price objective on shares of Cargojet from C$172.00 to C$177.00 in a research note on Wednesday, December 4th. TD Securities cut their price target on Cargojet from C$167.00 to C$165.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. Scotiabank decreased their price target on Cargojet from C$174.00 to C$170.00 in a report on Monday, January 20th. ATB Capital dropped their price objective on Cargojet from C$165.00 to C$155.00 in a research note on Wednesday, November 6th. Finally, Canaccord Genuity Group lifted their target price on Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th. Two analysts have rated the stock with a hold rating, seven have issued 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 a consensus target price of C$160.50.

Cargojet Stock Performance

TSE:CJT opened at C$119.08 on Thursday. 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 has a 50-day simple moving average of C$114.52 and a two-hundred day simple moving average of C$124.99. The firm has a market capitalization of C$1.92 billion, a PE ratio of -125.35 and a beta of 0.91. Cargojet has a 52-week low of C$100.01 and a 52-week high of C$144.97.

Cargojet (TSE:CJT) last announced its quarterly earnings data on Monday, November 4th. The company reported C$1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.14 by C$0.34. Cargojet had a negative return on equity of 2.13% and a negative net margin of 1.88%. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Analysts forecast that Cargojet will post 5.890933 EPS for the current 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.