Cargojet (TSE:CJT – Get Free Report) had its price target decreased by equities research analysts at Scotiabank from C$174.00 to C$170.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Scotiabank’s price target points to a potential upside of 40.06% from the stock’s previous close.
A number of other equities research analysts have also weighed in on the stock. ATB Capital lowered their price target on shares of Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. CIBC lifted their price target on shares of Cargojet from C$172.00 to C$177.00 in a research note on Wednesday, December 4th. Canaccord Genuity Group increased their price objective on shares of Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th. National Bankshares boosted their target price on shares of Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Finally, TD Securities reduced their price target on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$160.50.
Get Our Latest Report on Cargojet
Cargojet Price Performance
Cargojet (TSE:CJT – Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported C$1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.14 by C$0.34. Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. During the same period last year, the company earned $0.30 earnings per share. As a group, analysts predict that Cargojet will post 5.890933 EPS for the current year.
Cargojet Company Profile
Cargojet Inc operates a domestic air cargo co-load network between sixteen major Canadian cities. The company provides dedicated aircraft to customers on an Aircraft, Crew, Maintenance and Insurance basis, operating between points in Canada, USA, Mexico and Europe. The company also operates scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada, UK and Germany; and between Canada and Mexico.
Read More
- Five stocks we like better than Cargojet
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- SAP’s Strong Momentum: A Bullish Setup for Investors
- Stock Sentiment Analysis: How it Works
- BlackRock Breaks Records: Why the Stock Still Has Room to Run
- Investing In Preferred Stock vs. Common Stock
- Duke vs. NRG: Which Energy Stock Will Power Higher Gains?
Receive News & Ratings for Cargojet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cargojet and related companies with MarketBeat.com's FREE daily email newsletter.