National Bankshares Forecasts Strong Price Appreciation for Cargojet (TSE:CJT) Stock

Cargojet (TSE:CJT) had its price target lifted by research analysts at National Bankshares from C$95.00 to C$108.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 15.21% from the company’s current price.

A number of other analysts have also weighed in on CJT. Scotiabank increased their target price on Cargojet from C$105.00 to C$115.00 and gave the stock an “outperform” rating in a research note on Wednesday. Stifel Nicolaus cut their price target on shares of Cargojet from C$120.00 to C$100.00 in a report on Monday, November 10th. TD Securities decreased their price objective on shares of Cargojet from C$160.00 to C$120.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Raymond James Financial lowered their price objective on shares of Cargojet from C$132.00 to C$95.00 in a research report on Monday, November 10th. Finally, CIBC reduced their target price on shares of Cargojet from C$142.00 to C$132.00 in a research report on Wednesday, October 8th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$127.62.

Cargojet Stock Performance

Cargojet stock opened at C$93.74 on Friday. The company has a debt-to-equity ratio of 98.69, a current ratio of 0.56 and a quick ratio of 0.79. The firm has a market capitalization of C$1.41 billion, a P/E ratio of 11.91 and a beta of 0.79. Cargojet has a 1-year low of C$65.60 and a 1-year high of C$128.19. The company’s 50-day moving average is C$82.97 and its 200 day moving average is C$89.93.

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