Cargojet (TSE:CJT) PT Set at C$90.00 by Raymond James

Raymond James set a C$90.00 price objective on Cargojet (TSE:CJT) in a research note published on Sunday morning, BayStreet.CA reports. The firm currently has a market perform rating on the stock.

A number of other analysts have also recently commented on CJT. Canaccord Genuity cut Cargojet from a buy rating to a hold rating and boosted their price objective for the company from C$95.00 to C$100.00 in a research report on Thursday, July 25th. Royal Bank of Canada boosted their price objective on Cargojet from C$100.00 to C$119.00 and gave the company an outperform rating in a research report on Thursday, August 1st. CIBC cut their price objective on Cargojet from C$105.00 to C$102.00 in a research report on Thursday, August 1st. AltaCorp Capital boosted their price objective on Cargojet from C$95.00 to C$110.00 and gave the company a buy rating in a research report on Thursday, August 1st. Finally, National Bank Financial boosted their price objective on Cargojet from C$82.00 to C$94.00 and gave the company a sector perform rating in a research report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Buy and an average target price of C$102.50.

Cargojet stock opened at C$90.00 on Friday. The stock has a market capitalization of $1.21 billion and a PE ratio of 79.09. Cargojet has a 12 month low of C$65.25 and a 12 month high of C$98.80. The firm has a 50 day simple moving average of C$89.55. The company has a debt-to-equity ratio of 413.78, a current ratio of 0.64 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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Analyst Recommendations for Cargojet (TSE:CJT)

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