Cargojet (TSE:CJT) Given New C$120.00 Price Target at Raymond James Financial

Cargojet (TSE:CJT) had its price target boosted by investment analysts at Raymond James Financial from C$95.00 to C$120.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price objective points to a potential upside of 27.01% from the company’s current price.

A number of other brokerages have also issued reports on CJT. Royal Bank Of Canada dropped their target price on Cargojet from C$151.00 to C$143.00 and set an “outperform” rating on the stock in a research report on Monday, December 22nd. Desjardins upped their target price on Cargojet from C$117.00 to C$118.00 and gave the company a “buy” rating in a report on Friday, December 12th. National Bankshares lifted their price objective on shares of Cargojet from C$95.00 to C$108.00 and gave the company an “outperform” rating in a research report on Friday. Stifel Nicolaus reduced their price target on shares of Cargojet from C$120.00 to C$100.00 in a research note on Monday, November 10th. Finally, Scotiabank boosted their price target on shares of Cargojet from C$105.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Wednesday. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$127.62.

Cargojet Trading Up 0.9%

Cargojet stock traded up C$0.86 during midday trading on Friday, reaching C$94.48. The stock had a trading volume of 35,607 shares, compared to its average volume of 118,248. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56. Cargojet has a twelve month low of C$65.60 and a twelve month high of C$128.19. The stock has a market capitalization of C$1.43 billion, a PE ratio of 12.01 and a beta of 0.79. The stock’s 50-day simple moving average is C$82.55 and its 200 day simple moving average is C$90.11.

Cargojet (TSE:CJT) last posted its earnings results on Wednesday, November 5th. The company reported C$0.32 earnings per share (EPS) for the quarter. The firm had revenue of C$219.90 million during the quarter. Cargojet had a net margin of 0.25% and a return on equity of 0.31%. Analysts expect 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.