Cargojet (TSE:CJT) Price Target Cut to C$151.00 by Analysts at National Bankshares

Cargojet (TSE:CJT) had its price target dropped by investment analysts at National Bankshares from C$158.00 to C$151.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 21.64% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Scotiabank reduced their price objective on shares of Cargojet from C$174.00 to C$170.00 in a research report on Monday. ATB Capital reduced their target price on shares of Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. TD Securities decreased their price target on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Canaccord Genuity Group lifted their target price on Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. Finally, CIBC upped their target price on Cargojet from C$172.00 to C$177.00 in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Cargojet presently has an average rating of “Moderate Buy” and a consensus price target of C$160.50.

Cargojet Price Performance

Shares of CJT stock traded down C$2.86 during midday trading on Tuesday, reaching C$124.14. 53,799 shares of the company were exchanged, compared to its average volume of 90,487. The company’s 50 day moving average price is C$115.39 and its two-hundred day moving average price is C$125.89. The company has a debt-to-equity ratio of 99.84, a quick ratio of 0.79 and a current ratio of 0.59. The company has a market cap of C$2.00 billion, a P/E ratio of -130.67 and a beta of 0.91. Cargojet has a 12 month low of C$100.01 and a 12 month high of C$144.97.

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.