Cargojet (TSE:CJT – Get Free Report) had its target price raised by analysts at TD Securities from C$157.00 to C$162.00 in a research note issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 29.58% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada lowered their target price on Cargojet from C$187.00 to C$184.00 and set an “outperform” rating for the company in a research note on Tuesday, January 16th. Scotiabank upped their target price on shares of Cargojet from C$142.00 to C$145.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. Cormark reduced their target price on shares of Cargojet from C$121.00 to C$120.00 in a research note on Tuesday, February 27th. Acumen Capital boosted their price target on shares of Cargojet from C$160.00 to C$165.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, National Bankshares raised their price objective on shares of Cargojet from C$109.00 to C$129.00 and gave the company a “sector perform” rating in a research note on Friday, January 5th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$148.91.
Read Our Latest Report on Cargojet
Cargojet Price Performance
Cargojet (TSE:CJT – Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The company reported C($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.88 by C($1.02). The firm had revenue of C$221.90 million for the quarter, compared to the consensus estimate of C$250.58 million. Cargojet had a net margin of 4.25% and a return on equity of 4.62%. As a group, sell-side analysts expect that Cargojet will post 3.6871632 earnings per share for the current year.
About Cargojet
Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.
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