Cargojet Inc (CJT) Stock Rating Reaffirmed by CIBC
Cargojet Inc (TSE:CJT)‘s stock had its “outperform” rating reaffirmed by equities researchers at CIBC in a research report issued on Monday. They presently have a C$48.00 target price on the stock. CIBC’s target price suggests a potential upside of 11.63% from the stock’s previous close.
A number of other equities analysts have also recently commented on the stock. Cantor Fitzgerald reiterated a “buy” rating on shares of Cargojet in a research report on Monday, June 13th. Royal Bank Of Canada lifted their target price 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 stock an “outperform” rating in a research report on Tuesday, August 16th. Acumen Capital reiterated a “buy” rating and issued a C$38.50 target price on shares of Cargojet in a research report on Thursday, August 11th. Finally, National Bank Financial reiterated an “outperform” rating on shares of Cargojet in a research report on Thursday, September 15th. Six analysts have rated the stock with a buy rating, Cargojet has an average rating of “Buy” and a consensus target price of C$44.30.
Cargojet (TSE:CJT) opened at 43.00 on Monday. The firm has a market capitalization of $453.01 million and a PE ratio of 97.29. Cargojet has a one year low of $19.63 and a one year high of $43.56. The stock has a 50 day moving average price of $38.30 and a 200-day moving average price of $32.30.
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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