Cargojet (TSE:CJT – Get Free Report) had its price objective upped by National Bankshares from C$129.00 to C$132.00 in a research note issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 5.58% from the company’s previous close.
CJT has been the topic of a number of other reports. Laurentian upgraded shares of Cargojet from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$102.00 to C$150.00 in a research report on Tuesday, January 16th. TD Securities boosted their price target on shares of Cargojet from C$157.00 to C$162.00 and gave the stock a “buy” rating in a research note on Tuesday. Cormark reduced their price objective on shares of Cargojet from C$121.00 to C$120.00 in a research report on Tuesday, February 27th. Canaccord Genuity Group boosted their target price on Cargojet from C$145.00 to C$148.00 in a research report on Wednesday, April 24th. Finally, Acumen Capital raised their price target on Cargojet from C$160.00 to C$165.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$148.91.
Cargojet Stock Performance
Cargojet (TSE:CJT – Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The company reported C($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.88 by C($1.02). Cargojet had a return on equity of 4.62% and a net margin of 4.25%. The company had revenue of C$221.90 million for the quarter, compared to analyst estimates of C$250.58 million. On average, equities analysts expect that Cargojet will post 3.6871632 earnings per share for the current year.
Cargojet Company Profile
Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.
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