Scotiabank Raises Cargojet (TSE:CJT) Price Target to C$115.00

Cargojet (TSE:CJT) had its price target hoisted by Scotiabank from C$105.00 to C$115.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 22.84% from the company’s previous close.

CJT has been the subject of a number of other research reports. TD Securities reduced their target price on Cargojet from C$160.00 to C$120.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Desjardins boosted their price objective on shares of Cargojet from C$117.00 to C$118.00 and gave the company a “buy” rating in a research note on Friday, December 12th. National Bankshares decreased their target price on shares of Cargojet from C$123.00 to C$120.00 and set an “outperform” rating on the stock in a report on Wednesday, October 15th. Raymond James Financial lowered their target price on shares of Cargojet from C$132.00 to C$95.00 in a research note on Monday, November 10th. Finally, Royal Bank Of Canada cut their price target on shares of Cargojet from C$151.00 to C$143.00 and set an “outperform” rating for the company in a report on Monday, December 22nd. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$126.62.

Cargojet Trading Up 0.5%

Shares of CJT stock opened at C$93.62 on Wednesday. The stock has a market capitalization of C$1.41 billion, a price-to-earnings ratio of 11.90 and a beta of 0.79. The company’s fifty day simple moving average is C$82.55 and its two-hundred day simple moving average is C$90.11. Cargojet has a 1 year low of C$65.60 and a 1 year high of C$128.19. The company has a debt-to-equity ratio of 98.69, a current ratio of 0.56 and a quick ratio of 0.79.

Cargojet (TSE:CJT) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.32 earnings per share for the quarter. Cargojet had a return on equity of 0.31% and a net margin of 0.25%.The company had revenue of C$219.90 million during the quarter. As a group, analysts anticipate that Cargojet will post 5.890933 earnings per share for the current year.

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.