Cargojet (TSE:CJT – Get Free Report) had its price target increased by equities researchers at National Bankshares from C$154.00 to C$158.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 13.27% from the stock’s previous close.
A number of other equities analysts have also commented on the stock. ATB Capital raised their price objective on shares of Cargojet from C$160.00 to C$165.00 in a research report on Thursday, August 15th. Canaccord Genuity Group boosted their price target on shares of Cargojet from C$150.00 to C$156.00 in a research report on Wednesday, July 24th. Royal Bank of Canada increased their price objective on Cargojet from C$182.00 to C$189.00 and gave the stock an “outperform” rating in a research report on Monday, July 8th. Scotiabank cut Cargojet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Finally, Acumen Capital raised their price target on Cargojet from C$175.00 to C$178.00 in a report on Thursday, August 15th. Two equities 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$159.91.
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Cargojet Stock Performance
Cargojet (TSE:CJT – Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.10 by C($1.15). Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. The company had revenue of C$230.80 million for the quarter, compared to the consensus estimate of C$239.77 million. Sell-side analysts predict that Cargojet will post 5.890933 EPS for the current fiscal year.
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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