Cargojet’s (CJT) Buy Rating Reaffirmed at Canaccord Genuity

Cargojet (TSE:CJT)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity in a note issued to investors on Thursday, February 21st. They currently have a C$95.00 price objective on the stock. Canaccord Genuity’s target price would suggest a potential upside of 11.90% from the stock’s previous close.

A number of other equities analysts also recently weighed in on CJT. CIBC dropped their target price on Cargojet from C$92.00 to C$90.00 in a report on Wednesday, January 2nd. National Bank Financial reiterated a “sector perform under weight” rating on shares of Cargojet in a report on Tuesday, November 13th.

CJT stock traded up C$0.47 during trading on Thursday, hitting C$84.90. 186,200 shares of the company’s stock traded hands, compared to its average volume of 39,094. The company has a debt-to-equity ratio of 383.26, a current ratio of 0.99 and a quick ratio of 0.89. Cargojet has a 52 week low of C$61.25 and a 52 week high of C$88.58. The firm has a market cap of $1.14 billion and a price-to-earnings ratio of 56.60.

Cargojet (TSE:CJT) last announced its quarterly earnings results on Thursday, February 21st. The company reported C$0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.91 by C($0.44). The firm had revenue of C$132.60 million for the quarter, compared to the consensus estimate of C$130.80 million. As a group, analysts expect that Cargojet will post 2.27999985472567 EPS for the current fiscal year.

Cargojet Company Profile

Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic overnight air cargo co-load network between 14 cities in Canada; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.

Featured Article: What are gap-down stocks?

Receive News & Ratings for Cargojet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cargojet and related companies with MarketBeat.com's FREE daily email newsletter.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit