Cargojet (TSE:CJT – Get Free Report) had its target price upped by analysts at TD Securities from C$173.00 to C$176.00 in a report issued on Thursday, BayStreet.CA reports. TD Securities’ price objective points to a potential upside of 36.47% from the stock’s current price.
CJT has been the subject of several other reports. Scotiabank downgraded Cargojet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Acumen Capital increased their target price on Cargojet from C$165.00 to C$175.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. National Bank Financial upgraded Cargojet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 13th. Canaccord Genuity Group raised their price target on Cargojet from C$150.00 to C$156.00 in a research note on Wednesday, July 24th. Finally, CIBC raised their price target on Cargojet from C$159.00 to C$172.00 and gave the company an “outperform” rating in a research note on Monday, June 17th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$159.55.
Cargojet Stock Performance
Insider Buying and Selling
In related news, Senior Officer Ajay Kumar Virmani sold 7,522 shares of Cargojet stock in a transaction dated Friday, June 28th. The stock was sold at an average price of C$140.60, for a total transaction of C$1,057,623.29. In other news, Senior Officer Paul David Rinaldo sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of C$133.25, for a total value of C$199,875.00. Also, Senior Officer Ajay Kumar Virmani sold 7,522 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of C$140.60, for a total value of C$1,057,623.29. Insiders sold 18,979 shares of company stock valued at $2,442,315 over the last quarter. 2.65% of the stock is currently owned by company insiders.
Cargojet Company Profile
Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.
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