Scotiabank Lowers Cargojet (TSE:CJT) Price Target to C$165.00

Cargojet (TSE:CJT) had its target price reduced by equities researchers at Scotiabank from C$170.00 to C$165.00 in a report released on Wednesday,BayStreet.CA reports. Scotiabank’s price objective suggests a potential upside of 53.50% from the stock’s previous close.

Other analysts have also issued reports about the stock. Canaccord Genuity Group increased their price target on shares of Cargojet from C$160.00 to C$165.00 in a research report on Wednesday, November 6th. National Bankshares reduced their price objective on Cargojet from C$158.00 to C$151.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. ATB Capital dropped their target price on Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. TD Securities reduced their target price on shares of 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. Finally, CIBC raised their price target on shares of Cargojet from C$172.00 to C$177.00 in a report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$158.45.

Cargojet Stock Down 3.5 %

TSE:CJT traded down C$3.90 during trading hours on Wednesday, hitting C$107.49. 98,520 shares of the company’s stock traded hands, compared to its average volume of 90,010. The stock’s fifty day moving average price is C$112.99 and its two-hundred day moving average price is C$123.51. The firm has a market cap of C$1.72 billion, a P/E ratio of 754.37 and a beta of 0.91. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56. Cargojet has a twelve month low of C$100.01 and a twelve month high of C$144.97.

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.