Cargojet (EAST: TCJ – Get a rating) had its price target raised by equity research analysts ATB Capital to C$230.00 in a note to investors on Tuesday, Target Stock Advisor reports. The company currently has an “outperform” rating on the stock. ATB Capital’s price target suggests a potential upside of 49.55% from the stock’s previous close.
CJT has been the subject of several other reports. National Bankshares cut its price target on Cargojet from CA$203.00 to CA$199.00 and issued an “industry performance” rating on the stock in a Tuesday, March 8 report. Cormark lowered its price target on Cargojet from CA$275.00 to CA$210.00 and gave the stock an “na” rating in a Tuesday, March 8 research report. Scotiabank raised its price target on Cargojet from C$195.00 to C$215.00 in a Wednesday, March 30 research report. TD Securities raised its price target on Cargojet from C$210.00 to C$230.00 and gave the company a “buy” rating in a Wednesday, March 30 research report. Finally, CIBC raised its price target on Cargojet from CA$217.00 to CA$236.00 and gave the company an “outperform” rating in a Wednesday, March 30 research report. Four analysts gave the stock a hold rating and six gave the stock a buy rating. Based on data from MarketBeat.com, the company has an average buy rating and an average price target of C$226.27.
TSE TCJ traded at C$0.20 during Tuesday’s trading, reaching C$153.79. 14,893 shares of the company were traded, against an average volume of 68,168. Cargojet has a 12-month low of C$144.14 and a 12-month high of C$214.50. The company has a 50-day simple moving average of C$165.46 and a 200-day simple moving average of C$173.12. The company has a current ratio of 2.04, a quick ratio of 1.73 and a debt ratio of 58.93. The company has a market capitalization of C$2.66 billion and a P/E ratio of 16.17.
Cargojet (EAST: TCJ – Get a rating) last released its results on Monday, March 7. The company reported earnings per share of C$2.67 for the quarter, beating Thomson Reuters consensus estimate of C$1.93 by C$0.74. The company reported revenue of C$235.90 million for the quarter, compared to a consensus estimate of C$213.20 million. Equity research analysts expect Cargojet to post EPS of 7.3700001 for the current fiscal year.
About Cargojet (Get a rating)
Cargojet Inc provides time-sensitive overnight air cargo services in Canada. Its air cargo business activities include operating domestic air cargo network services between fourteen cities in North America; and the provision of dedicated aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis operating between points in Canada, North and South America and Europe.
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