Cargojet Inc (TSE:CJT) Given Average Rating of “Buy” by Brokerages
Shares of Cargojet Inc (TSE:CJT) have been assigned an average recommendation of “Buy” from the six analysts that are covering the stock. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have covered the stock in the last year is C$47.63.
Several equities research analysts have recently issued reports on the company. CIBC restated an “outperform” rating and set a C$48.00 price objective on shares of Cargojet in a report on Monday. RBC Capital Markets raised their price objective on Cargojet from C$41.00 to C$52.00 and gave the stock an “outperform” rating in a report on Friday. Royal Bank Of Canada lifted their target price on Cargojet from C$41.00 to C$52.00 and gave the company an “outperform” rating in a report on Friday. National Bank Financial reiterated an “outperform” rating on shares of Cargojet in a report on Thursday, September 15th. Finally, Acumen Capital reiterated a “buy” rating and issued a C$38.50 target price on shares of Cargojet in a report on Thursday, August 11th.
Shares of Cargojet (TSE:CJT) traded up 1.15% during mid-day trading on Tuesday, hitting $42.98. The stock had a trading volume of 54,562 shares. The company has a market cap of $452.79 million and a PE ratio of 97.24. The stock has a 50 day moving average price of $38.16 and a 200-day moving average price of $32.17. Cargojet has a 52-week low of $19.02 and a 52-week high of $43.56.
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.
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