Cargojet (TSE:CJT) Price Target Cut to C$151.00 by Analysts at National Bankshares

Cargojet (TSE:CJT) had its price objective cut by equities researchers at National Bankshares from C$158.00 to C$151.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 26.81% from the company’s previous close.

Several other equities analysts also recently commented on CJT. ATB Capital cut their price objective on Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. Scotiabank lowered their target price on shares of Cargojet from C$174.00 to C$170.00 in a research note on Monday, January 20th. TD Securities reduced their price target on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. CIBC boosted their price objective on shares of Cargojet from C$172.00 to C$177.00 in a research report on Wednesday, December 4th. Finally, Canaccord Genuity Group raised their target price on shares of Cargojet from C$160.00 to C$165.00 in a research report on Wednesday, November 6th. Two 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$160.50.

Cargojet Price Performance

Cargojet stock opened at C$119.08 on Thursday. Cargojet has a 12-month low of C$100.01 and a 12-month high of C$144.97. The company has a current ratio of 0.59, a quick ratio of 0.79 and a debt-to-equity ratio of 99.84. The firm has a 50-day moving average price of C$114.52 and a 200-day moving average price of C$124.99. The firm has a market capitalization of C$1.92 billion, a PE ratio of -125.35 and a beta of 0.91.

Cargojet (TSE:CJT) last announced its quarterly earnings data on Monday, November 4th. The company reported C$1.48 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the company earned $0.30 earnings per share. As a group, equities research analysts forecast that Cargojet will post 5.890933 EPS for the current 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.