National Bankshares Downgrades Cargojet (OTCMKTS:CGJTF) to Hold

Cargojet (OTCMKTS:CGJTF) was downgraded by equities researchers at National Bankshares to a “hold” rating in a report released on Thursday, TipRanks reports. They currently have a $205.00 price objective on the stock. National Bankshares’ price objective would suggest a potential upside of 29.25% from the company’s previous close.

CGJTF has been the topic of a number of other research reports. TD Securities lifted their target price on Cargojet from C$230.00 to C$235.00 and gave the company a “buy” rating in a report on Wednesday, August 4th. Scotiabank boosted their price objective on Cargojet from C$225.00 to C$235.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 4th. National Bank Financial lowered Cargojet from an “outperform” rating to a “sector perform” rating in a research report on Thursday. Royal Bank of Canada lifted their target price on Cargojet from C$293.00 to C$300.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 4th. Finally, BMO Capital Markets dropped their target price on Cargojet from C$245.00 to C$225.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 4th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $232.57.

Cargojet stock traded up $4.17 during midday trading on Thursday, reaching $158.61. The stock had a trading volume of 10 shares, compared to its average volume of 2,239. Cargojet has a twelve month low of $124.40 and a twelve month high of $186.62. The stock’s 50-day simple moving average is $156.22 and its 200 day simple moving average is $148.66.

About Cargojet

Cargojet, Inc provides air cargo transportation services. The firm provides aircrafts to customers on an adhoc charter basis operating between points in Canada, the USA and other international destinations. It also offers scheduled international routes for multiple cargo customers across North America, to the Caribbean, and to Europe.

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Analyst Recommendations for Cargojet (OTCMKTS:CGJTF)

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