Cargojet Inc (CJT) Earns Outperform Rating from National Bank Financial
A number of other equities analysts have also issued reports on the stock. Royal Bank Of Canada raised their price target on shares of Cargojet from C$38.00 to C$41.00 and gave the stock an outperform rating in a research report on Wednesday, August 17th. RBC Capital Markets lifted their target price on shares of Cargojet from C$38.00 to C$41.00 and gave the company an outperform rating in a report on Tuesday, August 16th. Acumen Capital reaffirmed a buy rating and set a C$38.50 target price on shares of Cargojet in a report on Thursday, August 11th. Finally, Cantor Fitzgerald reaffirmed a buy rating on shares of Cargojet in a report on Monday, June 13th. Six investment analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and an average target price of C$44.30.
Shares of Cargojet (TSE:CJT) opened at 43.00 on Thursday. Cargojet has a 1-year low of $19.63 and a 1-year high of $43.56. The company has a market cap of $453.01 million and a price-to-earnings ratio of 97.29. The company’s 50-day moving average is $38.30 and its 200 day moving average is $32.30.
Cargojet Company Profile
Cargojet Inc is a provider of time sensitive overnight air cargo services. The Company’s cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations.
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