Cargojet Inc (CJT) Receives Consensus Recommendation of “Buy” from Analysts
Cargojet Inc (TSE:CJT) has been given an average recommendation of “Buy” by the six brokerages that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$55.60.
Several equities research analysts recently issued reports on CJT shares. Raymond James Financial, Inc. lowered their price objective on Cargojet from C$57.00 to C$55.00 and set an “outperform” rating on the stock in a report on Tuesday, May 16th. Royal Bank Of Canada boosted their target price on Cargojet from C$56.00 to C$58.00 and gave the stock an “outperform” rating in a report on Thursday, March 16th.
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Shares of Cargojet (CJT) traded up 0.23% during trading on Friday, reaching $47.89. The company had a trading volume of 11,449 shares. The stock’s 50-day moving average price is $46.27 and its 200-day moving average price is $46.56. Cargojet has a 52 week low of $32.99 and a 52 week high of $52.56. The company has a market capitalization of $514.53 million and a PE ratio of 855.18.
In other news, insider Paul David Rinaldo sold 5,903 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of C$46.75, for a total transaction of C$275,965.25.
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.
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