TD Securities Cuts Cargojet (TSE:CJT) Price Target to C$165.00

Cargojet (TSE:CJT) had its target price lowered by stock analysts at TD Securities from C$167.00 to C$165.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 35.90% from the company’s previous close.

A number of other equities analysts also recently issued reports on CJT. Canaccord Genuity Group lifted their price target on Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th. ATB Capital dropped their price objective on shares of Cargojet from C$165.00 to C$155.00 in a research note on Wednesday, November 6th. National Bankshares boosted their price target on shares of Cargojet from C$154.00 to C$158.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Acumen Capital raised their price target on shares of Cargojet from C$175.00 to C$178.00 in a research note on Thursday, August 15th. Finally, Cormark boosted their price objective on shares of Cargojet from C$135.00 to C$140.00 in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$158.82.

Cargojet Trading Down 1.6 %

Shares of TSE:CJT traded down C$1.98 during midday trading on Thursday, hitting C$121.41. The company had a trading volume of 47,010 shares, compared to its average volume of 55,688. The firm has a fifty day simple moving average of C$134.13 and a 200 day simple moving average of C$128.29. The company has a current ratio of 0.59, a quick ratio of 0.79 and a debt-to-equity ratio of 99.84. The stock has a market cap of C$1.96 billion, a price-to-earnings ratio of -127.63 and a beta of 0.91. Cargojet has a 12 month low of C$91.42 and a 12 month high of C$144.97.

Cargojet Company Profile

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.