Cargojet (TSE:CJT) Price Target Raised to C$115.00

Cargojet (TSE:CJT) had its price objective lifted by CIBC from C$102.00 to C$115.00 in a report published on Tuesday, BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on CJT. Cormark upped their target price on Cargojet from C$105.00 to C$120.00 in a research note on Tuesday. Raymond James set a C$90.00 target price on Cargojet and gave the stock a market perform rating in a research note on Monday, August 26th. Laurentian cut Cargojet from a buy rating to a hold rating and upped their target price for the stock from C$102.00 to C$108.00 in a research note on Monday, August 26th. Canaccord Genuity cut Cargojet from a buy rating to a hold rating and upped their target price for the stock from C$95.00 to C$100.00 in a research note on Thursday, July 25th. Finally, National Bank Financial upped their target price on Cargojet from C$94.00 to C$105.00 and gave the stock a sector perform rating in a research note on Monday, August 26th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of C$110.50.

Shares of TSE:CJT opened at C$102.92 on Tuesday. The company has a market capitalization of $1.38 billion and a P/E ratio of 90.44. Cargojet has a 1 year low of C$65.25 and a 1 year high of C$109.00. The company has a debt-to-equity ratio of 413.78, a current ratio of 0.64 and a quick ratio of 0.50. The business’s 50 day simple moving average is C$93.28 and its 200 day simple moving average is C$84.64.

About Cargojet

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.

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