Cargojet (TSE:CJT) Receives “Outperform” Rating from AltaCorp Capital

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Cargojet (TSE:CJT)‘s stock had its “outperform” rating reissued by stock analysts at AltaCorp Capital in a research note issued to investors on Sunday, Zacks.com reports.

A number of other analysts have also commented on CJT. CIBC upped their price objective on shares of Cargojet from C$115.00 to C$120.00 in a research note on Tuesday, November 5th. Royal Bank of Canada reduced their price target on shares of Cargojet from C$136.00 to C$126.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Finally, Raymond James reissued a “market perform” rating and issued a C$95.00 price target on shares of Cargojet in a research report on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Cargojet currently has an average rating of “Hold” and a consensus price target of C$110.50.

CJT stock opened at C$109.78 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 425.06. Cargojet has a one year low of C$72.13 and a one year high of C$110.54. The firm has a market capitalization of $1.48 billion and a PE ratio of 66.13. The firm has a 50-day moving average of C$103.03 and a two-hundred day moving average of C$96.97.

Cargojet (TSE:CJT) last posted its quarterly earnings data on Monday, November 4th. The company reported C$0.26 EPS for the quarter, beating analysts’ consensus estimates of C$0.12 by C$0.14. The firm had revenue of C$117.40 million for the quarter, compared to analysts’ expectations of C$122.20 million. On average, equities research analysts anticipate that Cargojet will post 1.7300001 earnings per share for the current year.

In other news, Director Jamie Bennett Porteous sold 1,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$104.93, for a total value of C$104,930.00. Following the completion of the sale, the director now directly owns 1,335 shares of the company’s stock, valued at C$140,081.55.

Cargojet Company Profile

Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic overnight air cargo co-load network between 14 cities in Canada; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.

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Analyst Recommendations for Cargojet (TSE:CJT)

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