Cargojet (TSE:CJT) Given New C$151.00 Price Target at National Bankshares

Cargojet (TSE:CJT) had its price objective lowered by National Bankshares from C$158.00 to C$151.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 20.75% from the stock’s previous close.

CJT has been the subject of several other reports. CIBC lifted their target price on shares of Cargojet from C$172.00 to C$177.00 in a research report on Wednesday, December 4th. ATB Capital dropped their target price on shares of Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. TD Securities dropped their target price on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Canaccord Genuity Group lifted their target price on shares of Cargojet from C$160.00 to C$165.00 in a research report on Wednesday, November 6th. Finally, Scotiabank dropped their target price on shares of Cargojet from C$174.00 to C$170.00 in a research report on Monday, January 20th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$160.50.

Cargojet Price Performance

TSE:CJT traded down C$1.89 during mid-day trading on Thursday, hitting C$125.05. 13,216 shares of the stock traded hands, compared to its average volume of 80,372. The business’s 50-day moving average price is C$114.58 and its 200 day moving average price is C$125.17. The company has a market cap of C$2.02 billion, a PE ratio of -131.63 and a beta of 0.91. Cargojet has a 12-month low of C$100.01 and a 12-month high of C$144.97. The company has a quick ratio of 0.79, a current ratio of 0.59 and a debt-to-equity ratio of 99.84.

Cargojet (TSE:CJT) last issued its quarterly earnings data on Monday, November 4th. The company reported C$1.48 EPS for the quarter, beating the consensus estimate 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 company earned $0.30 earnings per share. On average, analysts expect 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.