Cargojet Inc (TSE:CJT) had its target price raised by Royal Bank Of Canada from C$41.00 to C$52.00 in a research report released on Friday morning, StockTargetPrices.com reports. They currently have an outperform rating on the stock.
CJT has been the subject of several other research reports. Acumen Capital reissued a buy rating and issued a C$38.50 price target on shares of Cargojet in a research report on Thursday, August 11th. RBC Capital Markets raised their price target on shares of Cargojet from C$38.00 to C$41.00 and gave the company an outperform rating in a research report on Tuesday, August 16th. Cantor Fitzgerald reissued a buy rating on shares of Cargojet in a research report on Monday, June 13th. Finally, National Bank Financial raised shares of Cargojet from a sector perform market weight rating to an outperform market weight rating in a research report on Monday, August 15th. Six equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and a consensus price target of C$44.30.
Shares of Cargojet (TSE:CJT) opened at 43.64 on Friday. The stock has a market capitalization of $459.75 million and a price-to-earnings ratio of 98.73. The stock’s 50 day moving average is $38.59 and its 200-day moving average is $32.38. Cargojet has a one year low of $19.63 and a one year high of $44.02.
Cargojet Inc is a provider of time sensitive overnight air cargo services. The Company’s cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations.
Receive News & Ratings for Cargojet Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cargojet Inc and related companies with MarketBeat.com's FREE daily email newsletter.