Cargojet Inc (TSE:CJT) Receives C$55.60 Average Price Target from Brokerages

Cargojet Inc (TSE:CJT) has received a consensus rating of “Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$55.60.

Separately, Raymond James Financial, Inc. lowered their target price on Cargojet from C$57.00 to C$55.00 and set an “outperform” rating for the company in a report on Tuesday, May 16th.

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In other Cargojet news, insider Paul David Rinaldo sold 5,903 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of C$46.75, for a total value of C$275,965.25.

Cargojet (TSE:CJT) opened at 47.65 on Monday. Cargojet has a 12-month low of $32.99 and a 12-month high of $52.56. The company has a market cap of $511.95 million and a P/E ratio of 850.89. The firm has a 50-day moving average price of $46.27 and a 200-day moving average price of $46.56.

Cargojet Company Profile

Cargojet Inc is a provider of time sensitive overnight air cargo services. The Company’s cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations.

Analyst Recommendations for Cargojet (TSE:CJT)

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