Cargojet (TSE:CJT) Given New C$193.00 Price Target at Royal Bank of Canada

Cargojet (TSE:CJT) had its price target boosted by stock analysts at Royal Bank of Canada from C$189.00 to C$193.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Royal Bank of Canada’s price target would indicate a potential upside of 79.55% from the company’s current price.

A number of other equities research analysts also recently commented on the company. Canaccord Genuity Group lifted their target price on Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. National Bankshares decreased their price objective on shares of Cargojet from C$158.00 to C$151.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Scotiabank cut their price objective on shares of Cargojet from C$170.00 to C$165.00 in a research note on Wednesday. CIBC boosted their target price on shares of Cargojet from C$172.00 to C$177.00 in a research report on Wednesday, December 4th. Finally, ATB Capital lowered their price target on shares of Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$158.45.

Cargojet Stock Down 3.5 %

Shares of Cargojet stock traded down C$3.90 during trading on Wednesday, reaching C$107.49. The company’s stock had a trading volume of 98,520 shares, compared to its average volume of 90,010. Cargojet has a 1-year low of C$100.01 and a 1-year high of C$144.97. The company has a 50-day simple moving average of C$112.99 and a two-hundred day simple moving average of C$123.51. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69. The company has a market cap of C$1.72 billion, a price-to-earnings ratio of 754.37 and a beta of 0.91.

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.