Cargojet (TSE:CJT) Given New C$90.00 Price Target at BMO Capital Markets

Cargojet (TSE:CJT) had its price target hoisted by analysts at BMO Capital Markets from C$85.00 to C$90.00 in a report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential downside of 3.26% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. National Bank Financial lifted their target price on Cargojet from C$108.00 to C$109.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. TD decreased their price target on shares of Cargojet from C$124.00 to C$118.00 in a research note on Wednesday, July 15th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$120.92.

Cargojet Stock Performance

Shares of TSE CJT traded down C$0.64 during trading hours on Wednesday, reaching C$93.03. 90,266 shares of the stock were exchanged, compared to its average volume of 89,961. The firm has a market capitalization of C$1.39 billion, a price-to-earnings ratio of 37.97 and a beta of 1.02. The stock’s fifty day simple moving average is C$84.71 and its 200 day simple moving average is C$86.21. The company has a debt-to-equity ratio of 123.57, a quick ratio of 0.79 and a current ratio of 0.91. Cargojet has a 52 week low of C$65.60 and a 52 week high of C$105.26.

Cargojet (TSE:CJT) last released its quarterly earnings results on Monday, August 10th. The company reported C$0.47 earnings per share (EPS) for the quarter. Cargojet had a return on equity of 4.92% and a net margin of 3.64%.The business had revenue of C$275.80 million during the quarter. Sell-side analysts predict 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.