Cargojet (TSE:CJT) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Cargojet (TSE:CJT) had its target price lifted by analysts at Stifel Nicolaus from C$125.00 to C$135.00 in a research report issued on Friday, BayStreet reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus‘s price target points to a potential upside of 24.45% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. ATB Cormark Capital Markets increased their price target on Cargojet from C$110.00 to C$120.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Acumen Capital upped their price objective on Cargojet from C$115.00 to C$120.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. TD set a C$128.00 target price on Cargojet and gave the company a “buy” rating in a report on Friday, October 2nd. Desjardins raised their target price on Cargojet from C$126.00 to C$135.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Finally, Scotiabank raised their target price on Cargojet from C$120.00 to C$125.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 12th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$126.73.

Cargojet Stock Performance

TSE CJT traded down C$0.29 during trading hours on Friday, hitting C$108.48. The company’s stock had a trading volume of 86,571 shares, compared to its average volume of 105,408. Cargojet has a 12 month low of C$71.00 and a 12 month high of C$112.71. The company’s 50 day simple moving average is C$86.84 and its two-hundred day simple moving average is C$86.27. The company has a market cap of C$1.61 billion, a P/E ratio of 35.11 and a beta of 0.72. The company has a debt-to-equity ratio of 119.27, a current ratio of 0.83 and a quick ratio of 0.79.

Cargojet (TSE:CJT) last posted its earnings results on Wednesday, November 11th. The company reported C$1.21 earnings per share (EPS) for the quarter. The business had revenue of C$286.50 million for the quarter. Cargojet had a net margin of 4.49% and a return on equity of 6.30%. As a group, sell-side analysts expect that Cargojet will post 5.89 EPS for the current fiscal year.

Cargojet Company Profile

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 aircraft.