Cargojet (CJT) Price Target Lowered to C$82.00 at National Bank Financial

Cargojet (TSE:CJT) had its price target trimmed by National Bank Financial from C$87.00 to C$82.00 in a research report report published on Tuesday, May 7th, BayStreet.CA reports. The firm currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Cargojet’s Q2 2019 earnings at $0.27 EPS, FY2019 earnings at $1.32 EPS and FY2020 earnings at $2.26 EPS.

Several other equities research analysts have also weighed in on CJT. Echelon Wealth Partners reiterated a buy rating on shares of Cargojet in a report on Thursday, February 21st. Royal Bank of Canada increased their target price on shares of Cargojet from C$98.00 to C$100.00 and gave the stock an outperform rating in a report on Friday, February 22nd. Finally, Canaccord Genuity reissued a buy rating and set a C$95.00 price objective on shares of Cargojet in a research report on Thursday, February 21st.

TSE CJT traded down C$0.49 during trading hours on Tuesday, hitting C$82.51. The company’s stock had a trading volume of 21,869 shares, compared to its average volume of 48,785. Cargojet has a twelve month low of C$62.00 and a twelve month high of C$88.58. The firm has a market capitalization of $1.12 billion and a P/E ratio of 70.58. The company has a debt-to-equity ratio of 410.27, a current ratio of 0.59 and a quick ratio of 0.50.

About Cargojet

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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