Cargojet (TSE:CJT) Given New C$151.00 Price Target at National Bankshares

Cargojet (TSE:CJT) had its price objective cut by National Bankshares from C$158.00 to C$151.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 20.75% from the stock’s previous close.

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

Cargojet Stock Performance

Shares of TSE:CJT traded down C$1.89 during trading on Thursday, hitting C$125.05. The company’s stock had a trading volume of 13,216 shares, compared to its average volume of 80,372. The company has a 50-day moving average of C$114.58 and a 200-day moving average of C$125.17. The firm has a market cap of C$2.02 billion, a price-to-earnings ratio of -131.63 and a beta of 0.91. Cargojet has a 12 month low of C$100.01 and a 12 month high of C$144.97. The company has a debt-to-equity ratio of 99.84, a current ratio of 0.59 and a quick ratio of 0.79.

Cargojet (TSE:CJT) last released its earnings results on Monday, November 4th. The company reported C$1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.14 by C$0.34. Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. During the same period last year, the business posted $0.30 earnings per share. On average, sell-side analysts expect that Cargojet will post 5.890933 earnings per share for the current year.

About Cargojet

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.