Canaccord Genuity Group Increases Cargojet (TSE:CJT) Price Target to C$173.00

Cargojet (TSE:CJT) had its target price increased by analysts at Canaccord Genuity Group from C$165.00 to C$173.00 in a research report issued on Wednesday,BayStreet.CA reports. Canaccord Genuity Group’s price objective would indicate a potential upside of 60.95% from the stock’s current price.

Other analysts have also recently issued reports about the company. TD Securities decreased their target price on Cargojet from C$167.00 to C$165.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Royal Bank of Canada raised their target price on shares of Cargojet from C$189.00 to C$193.00 in a research report on Wednesday. ATB Capital lowered their target price on shares of Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. Cormark decreased their price target on Cargojet from C$140.00 to C$120.00 in a research note on Wednesday. Finally, CIBC dropped their price objective on Cargojet from C$177.00 to C$163.00 in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$158.45.

Cargojet Stock Performance

CJT traded down C$3.90 on Wednesday, reaching C$107.49. The company had a trading volume of 98,520 shares, compared to its average volume of 90,010. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69. Cargojet has a 1 year low of C$100.01 and a 1 year high of C$144.97. The stock has a market capitalization of C$1.72 billion, a PE ratio of 754.37 and a beta of 0.91. The stock has a 50-day moving average price of C$112.99 and a 200-day moving average price of C$123.51.

Cargojet Company Profile

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.