CIBC Lowers Cargojet (TSE:CJT) Price Target to C$150.00

Cargojet (TSE:CJT) had its price target decreased by CIBC from C$163.00 to C$150.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 94.83% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Cormark decreased their target price on Cargojet from C$140.00 to C$120.00 in a research note on Wednesday, February 19th. Scotiabank decreased their price objective on shares of Cargojet from C$165.00 to C$139.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 2nd. Canaccord Genuity Group lifted their target price on shares of Cargojet from C$165.00 to C$173.00 in a research report on Wednesday, February 19th. Royal Bank of Canada increased their target price on Cargojet from C$189.00 to C$193.00 in a research note on Wednesday, February 19th. Finally, National Bankshares decreased their price objective on Cargojet from C$158.00 to C$151.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$158.90.

Cargojet Stock Up 2.5 %

CJT opened at C$76.99 on Thursday. The firm has a market capitalization of C$1.23 billion, a P/E ratio of 540.32 and a beta of 0.91. Cargojet has a one year low of C$69.60 and a one year high of C$144.97. The company has a fifty day moving average price of C$92.42 and a 200-day moving average price of C$112.86. The company has a debt-to-equity ratio of 98.69, a current ratio of 0.56 and a quick ratio of 0.79.

About Cargojet

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.