Cargojet Inc (TSE:CJT) – Equities researchers at Beacon Securities boosted their FY2018 earnings per share estimates for Cargojet in a report released on Monday. Beacon Securities analyst A. Shaath now anticipates that the company will earn $2.90 per share for the year, up from their prior forecast of $2.80.
A number of other brokerages have also recently commented on CJT. Royal Bank of Canada raised their target price on Cargojet from C$71.00 to C$74.00 and gave the stock an “outperform” rating in a report on Tuesday. National Bank Financial raised their target price on Cargojet from C$55.00 to C$65.00 and gave the stock a “sector perform” rating in a report on Tuesday. Acumen Capital increased their price target on Cargojet from C$60.00 to C$65.00 in a research note on Friday, January 19th. Finally, CIBC increased their price target on Cargojet from C$56.00 to C$60.00 in a research note on Tuesday, November 14th.
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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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