Cargojet (TSE:CJT) Stock Price Expected to Rise, CIBC Analyst Says

Cargojet (TSE:CJT) had its price objective upped by CIBC from C$172.00 to C$177.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s target price indicates a potential upside of 51.88% from the company’s current price.

Several other research analysts have also recently commented on the company. Cormark increased their price target on Cargojet from C$135.00 to C$140.00 in a research report on Thursday, August 15th. Canaccord Genuity Group raised their target price on shares of Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th. ATB Capital lowered their target price on shares of Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. Acumen Capital lifted their price objective on shares of Cargojet from C$175.00 to C$178.00 in a research report on Thursday, August 15th. Finally, National Bankshares lifted their target price on Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Cargojet currently has a consensus rating of “Moderate Buy” and an average target price of C$159.27.

Cargojet Stock Down 1.3 %

CJT stock opened at C$116.54 on Wednesday. The business has a 50-day moving average of C$131.70 and a 200-day moving average of C$128.26. Cargojet has a fifty-two week low of C$103.78 and a fifty-two week high of C$144.97. The stock has a market capitalization of C$1.88 billion, a P/E ratio of -122.67 and a beta of 0.91. The company has a debt-to-equity ratio of 99.84, a current ratio of 0.59 and a quick ratio of 0.79.

About Cargojet

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.