CIBC Lowers Cargojet (TSE:CJT) Price Target to C$150.00

Cargojet (TSE:CJT) had its target price reduced by investment analysts at CIBC from C$163.00 to C$150.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 101.86% from the stock’s current price.

Several other research analysts have also weighed in on the company. Royal Bank of Canada upped their target price on Cargojet from C$189.00 to C$193.00 in a research report on Wednesday, February 19th. Scotiabank cut their price objective on Cargojet from C$165.00 to C$139.00 and set an “outperform” rating for the company in a research report on Wednesday, April 2nd. Cormark decreased their price target on shares of Cargojet from C$140.00 to C$120.00 in a research report on Wednesday, February 19th. Canaccord Genuity Group upped their target price on Cargojet from C$165.00 to C$173.00 in a research note on Wednesday, February 19th. Finally, National Bankshares decreased their price objective on Cargojet from C$158.00 to C$151.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$158.90.

Cargojet Trading Down 6.5 %

CJT traded down C$5.18 during trading on Thursday, reaching C$74.31. The company had a trading volume of 38,046 shares, compared to its average volume of 101,956. Cargojet has a 12-month low of C$69.60 and a 12-month high of C$144.97. The firm’s 50-day simple moving average is C$93.86 and its 200 day simple moving average is C$113.37. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56. The company has a market cap of C$1.19 billion, a price-to-earnings ratio of 521.51 and a beta of 0.91.

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.