Cargojet (CJT) Price Target Raised to C$65.00

Cargojet (TSE:CJT) had its price target increased by investment analysts at Acumen Capital from C$60.00 to C$65.00 in a research note issued on Friday. Acumen Capital’s target price indicates a potential upside of 3.83% from the company’s previous close.

Several other research firms also recently weighed in on CJT. National Bank Financial upped their price objective on shares of Cargojet from C$53.00 to C$55.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 14th. CIBC upped their price target on shares of Cargojet from C$56.00 to C$60.00 in a report on Tuesday, November 14th. Finally, Royal Bank of Canada upped their price target on shares of Cargojet from C$57.00 to C$60.00 and gave the company an “outperform” rating in a report on Tuesday, November 14th.

Cargojet (TSE:CJT) traded up C$0.60 during mid-day trading on Friday, reaching C$62.60. 12,022 shares of the company traded hands, compared to its average volume of 19,448. The firm has a market capitalization of $837.65, a P/E ratio of 65.21 and a beta of 1.42. Cargojet has a 1-year low of C$42.72 and a 1-year high of C$63.00.

Cargojet (TSE:CJT) last posted its quarterly earnings data on Monday, November 13th. The company reported C$0.41 earnings per share for the quarter, missing the consensus estimate of C$0.47 by C($0.06). Cargojet had a return on equity of 16.62% and a net margin of 6.26%.

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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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