Cargojet (TSE:CJT – Get Free Report) had its price target boosted by investment analysts at Canaccord Genuity Group from C$145.00 to C$148.00 in a research report issued on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective points to a potential upside of 26.06% from the company’s previous close.
CJT has been the subject of a number of other reports. Cormark decreased their target price on Cargojet from C$121.00 to C$120.00 in a report on Tuesday, February 27th. Acumen Capital boosted their price target on Cargojet from C$160.00 to C$165.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. BMO Capital Markets upped their price objective on shares of Cargojet from C$110.00 to C$115.00 and gave the company a “market perform” rating in a research report on Tuesday, February 27th. TD Securities reduced their price target on shares of Cargojet from C$170.00 to C$155.00 and set a “buy” rating on the stock in a research report on Tuesday, January 16th. Finally, National Bankshares raised their price target on shares of Cargojet from C$109.00 to C$129.00 and gave the company a “sector perform” rating in a research note on Friday, January 5th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Cargojet has a consensus rating of “Moderate Buy” and a consensus target price of C$148.18.
Read Our Latest Stock Analysis on CJT
Cargojet Price Performance
Cargojet (TSE:CJT – Get Free Report) last issued its earnings results on Monday, February 26th. The company reported C($0.14) EPS for the quarter, missing analysts’ consensus estimates of C$0.88 by C($1.02). The company had revenue of C$221.90 million during the quarter, compared to analysts’ expectations of C$250.58 million. Cargojet had a return on equity of 4.62% and a net margin of 4.25%. As a group, sell-side analysts predict that Cargojet will post 3.6871632 earnings per share for the current year.
About Cargojet
Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.
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