TD Issues Positive Forecast for Cargojet (TSE:CJT) Stock Price

Cargojet (TSE:CJT) had its target price boosted by equities researchers at TD from C$118.00 to C$127.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s price objective points to a potential upside of 36.52% from the stock’s previous close.

A number of other research firms have also recently commented on CJT. BMO Capital Markets upped their price objective on shares of Cargojet from C$85.00 to C$90.00 in a research report on Wednesday. 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. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Cargojet currently has an average rating of “Moderate Buy” and an average target price of C$120.92.

Cargojet Trading Down 0.7%

TSE:CJT traded down C$0.64 during trading hours on Wednesday, hitting C$93.03. The stock had a trading volume of 90,266 shares, compared to its average volume of 89,961. Cargojet has a one year low of C$65.60 and a one year high of C$105.26. The company has a debt-to-equity ratio of 123.57, a quick ratio of 0.79 and a current ratio of 0.91. The company has a market cap of C$1.39 billion, a price-to-earnings ratio of 37.97 and a beta of 1.02. The business’s 50 day moving average is C$84.71 and its 200-day moving average is C$86.21.

Cargojet (TSE:CJT) last announced its quarterly earnings results on Monday, August 10th. The company reported C$0.47 earnings per share for the quarter. The company had revenue of C$275.80 million for the quarter. Cargojet had a net margin of 3.64% and a return on equity of 4.92%. Sell-side analysts anticipate that Cargojet will post 5.890933 EPS for the current fiscal 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.