Acumen Capital Boosts Cargojet (TSE:CJT) Price Target to C$175.00

Cargojet (TSE:CJT) had its price target hoisted by investment analysts at Acumen Capital from C$165.00 to C$175.00 in a report issued on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Acumen Capital’s target price suggests a potential upside of 24.81% from the company’s previous close.

Several other research firms also recently commented on CJT. CIBC upped their price target on shares of Cargojet from C$159.00 to C$172.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. Scotiabank raised shares of Cargojet from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 14th. Canaccord Genuity Group upped their price target on shares of Cargojet from C$145.00 to C$148.00 in a research note on Wednesday, April 24th. National Bankshares upgraded shares of Cargojet from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$132.00 to C$154.00 in a research report on Friday, June 14th. Finally, Royal Bank of Canada decreased their price objective on shares of Cargojet from C$184.00 to C$182.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 14th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$155.36.

Cargojet Stock Up 0.5 %

Cargojet stock traded up C$0.76 during trading on Wednesday, reaching C$140.21. The stock had a trading volume of 15,650 shares, compared to its average volume of 54,076. Cargojet has a 52-week low of C$76.50 and a 52-week high of C$143.64. The business has a 50 day moving average price of C$121.42 and a 200 day moving average price of C$117.34. The company has a quick ratio of 0.79, a current ratio of 0.96 and a debt-to-equity ratio of 85.77. The stock has a market cap of C$2.31 billion, a PE ratio of 59.93 and a beta of 1.00.

Cargojet (TSE:CJT) last issued its quarterly earnings data on Monday, April 29th. The company reported C$1.86 earnings per share for the quarter, topping the consensus estimate of C$0.71 by C$1.15. The business had revenue of C$231.20 million during the quarter, compared to the consensus estimate of C$233.80 million. Cargojet had a net margin of 4.48% and a return on equity of 4.78%. On average, analysts predict that Cargojet will post 4.4768237 EPS for the current year.

Insider Buying and Selling

In related news, Director Arlene Dickinson sold 1,400 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of C$112.00, for a total transaction of C$156,800.00. In other news, Senior Officer Pauline Dhillon sold 7,607 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of C$118.50, for a total transaction of C$901,429.50. Following the transaction, the insider now directly owns 445 shares of the company’s stock, valued at C$52,732.50. Also, Director Arlene Dickinson sold 1,400 shares of Cargojet stock in a transaction dated Friday, June 7th. The stock was sold at an average price of C$112.00, for a total value of C$156,800.00. Insiders have sold 11,457 shares of company stock worth $1,384,692 over the last ninety days. 2.71% of the stock is owned by 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.