Cargojet (TSE:CJT) Price Target Cut to C$170.00 by Analysts at Scotiabank

Cargojet (TSE:CJT) had its price objective dropped by analysts at Scotiabank from C$174.00 to C$170.00 in a report issued on Monday,BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 34.60% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. TD Securities decreased their price target on Cargojet from C$167.00 to C$165.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. National Bankshares upped their price target on shares of Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. CIBC lifted their price objective on shares of Cargojet from C$172.00 to C$177.00 in a report on Wednesday, December 4th. Canaccord Genuity Group boosted their price objective on shares of Cargojet from C$160.00 to C$165.00 in a research report on Wednesday, November 6th. Finally, ATB Capital reduced their target price on shares of Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$161.20.

Cargojet Trading Up 3.1 %

TSE:CJT traded up C$3.75 during mid-day trading on Monday, hitting C$126.30. 36,749 shares of the stock traded hands, compared to its average volume of 89,994. The company has a quick ratio of 0.79, a current ratio of 0.59 and a debt-to-equity ratio of 99.84. The stock has a market capitalization of C$2.04 billion, a price-to-earnings ratio of -132.95 and a beta of 0.91. Cargojet has a 52 week low of C$100.01 and a 52 week high of C$144.97. The firm’s 50 day moving average is C$115.60 and its two-hundred day moving average is C$125.88.

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.