National Bankshares Cuts Cargojet (TSE:CJT) Price Target to C$151.00

Cargojet (TSE:CJT) had its price target lowered by analysts at National Bankshares from C$158.00 to C$151.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 22.66% from the stock’s current price.

CJT has been the topic of a number of other reports. TD Securities reduced their price target on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Canaccord Genuity Group lifted their price target on shares of Cargojet from C$160.00 to C$165.00 in a research report on Wednesday, November 6th. Scotiabank reduced their price target on shares of Cargojet from C$174.00 to C$170.00 in a research report on Monday. CIBC lifted their price target on shares of Cargojet from C$172.00 to C$177.00 in a research report on Wednesday, December 4th. Finally, ATB Capital dropped their price objective on shares of Cargojet from C$165.00 to C$155.00 in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Cargojet currently has a consensus rating of “Moderate Buy” and a consensus price target of C$160.50.

Cargojet Price Performance

CJT opened at C$123.10 on Tuesday. The company’s 50 day simple moving average is C$114.89 and its 200 day simple moving average is C$125.64. The company has a debt-to-equity ratio of 99.84, a quick ratio of 0.79 and a current ratio of 0.59. Cargojet has a 1 year low of C$100.01 and a 1 year high of C$144.97. The stock has a market capitalization of C$1.99 billion, a PE ratio of -129.58 and a beta of 0.91.

Cargojet (TSE:CJT) last announced its quarterly earnings results on Monday, November 4th. The company reported C$1.48 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.14 by C$0.34. Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. During the same quarter in the previous year, the business earned $0.30 EPS. As a group, sell-side 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.