BMO Capital Markets Cuts Cargojet (TSE:CJT) Price Target to C$95.00

Cargojet (TSE:CJT) had its target price cut by analysts at BMO Capital Markets from C$120.00 to C$95.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 21.90% from the company’s previous close.

Several other analysts have also weighed in on CJT. CIBC lowered their target price on Cargojet from C$163.00 to C$150.00 in a report on Thursday, April 10th. National Bankshares cut their target price on shares of Cargojet from C$158.00 to C$151.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Cormark lowered their price target on shares of Cargojet from C$140.00 to C$120.00 in a report on Wednesday, February 19th. 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, February 19th. Finally, Scotiabank lowered 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. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$151.73.

Cargojet Stock Performance

CJT traded up C$0.43 during trading on Tuesday, hitting C$77.93. 24,024 shares of the stock were exchanged, compared to its average volume of 100,432. The stock has a fifty day moving average price of C$91.73 and a two-hundred day moving average price of C$112.35. Cargojet has a 1-year low of C$69.60 and a 1-year high of C$144.97. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69. The firm has a market capitalization of C$1.25 billion, a P/E ratio of 546.92 and a beta of 0.91.

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.