Cargojet (TSE:CJT) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Cargojet (TSE:CJT) had its price target lifted by investment analysts at BMO Capital Markets from C$90.00 to C$94.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target would indicate a potential downside of 4.97% from the company’s current price.

Several other equities analysts have also issued reports on CJT. Canadian Imperial Bank of Commerce boosted their price target on Cargojet from C$106.00 to C$116.00 in a research note on Thursday. Royal Bank Of Canada cut their target price on Cargojet from C$151.00 to C$143.00 and set an “outperform” rating for the company in a research note on Monday, December 22nd. Stifel Nicolaus lifted their price target on shares of Cargojet from C$100.00 to C$120.00 and gave the stock a “buy” rating in a research note on Thursday. Raymond James Financial increased their price objective on shares of Cargojet from C$95.00 to C$120.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Finally, Scotiabank upped their target price on shares of Cargojet from C$115.00 to C$118.00 and gave the company an “outperform” rating in a research note on Thursday. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$125.45.

Cargojet Stock Performance

CJT stock traded up C$6.54 during mid-day trading on Thursday, reaching C$98.92. 213,616 shares of the stock traded hands, compared to its average volume of 121,744. The firm has a market capitalization of C$1.49 billion, a PE ratio of 12.57 and a beta of 0.82. The business has a 50-day moving average of C$91.01 and a two-hundred day moving average of C$88.91. Cargojet has a 52 week low of C$65.60 and a 52 week high of C$113.89. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69.

Cargojet (TSE:CJT) last released its earnings results on Tuesday, February 24th. The company reported C$1.47 earnings per share (EPS) for the quarter. The firm had revenue of C$284.70 million for the quarter. Cargojet had a return on equity of 0.31% and a net margin of 0.25%. As a group, equities analysts predict that Cargojet will post 5.890933 EPS for the current fiscal year.

Cargojet Company Profile

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.