Shares of Cargojet (TSE:CJT) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $85.84 and traded as high as $100.26. Cargojet shares last traded at $99.59, with a volume of 23,038 shares trading hands.
Several brokerages recently weighed in on CJT. Royal Bank of Canada boosted their target price on shares of Cargojet from C$119.00 to C$136.00 and gave the company an “outperform” rating in a research note on Monday, August 26th. CIBC upped their price objective on shares of Cargojet from C$102.00 to C$115.00 in a research note on Tuesday, August 27th. Canaccord Genuity downgraded shares of Cargojet from a “buy” rating to a “hold” rating and upped their price objective for the company from C$95.00 to C$100.00 in a research note on Thursday, July 25th. Laurentian downgraded shares of Cargojet from a “buy” rating to a “hold” rating and upped their price objective for the company from C$102.00 to C$108.00 in a research note on Monday, August 26th. Finally, National Bank Financial upped their price objective on shares of Cargojet from C$94.00 to C$105.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of C$110.50.
The stock’s 50 day moving average price is C$95.63 and its 200 day moving average price is C$85.84. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 413.78. The company has a market cap of $1.37 billion and a price-to-earnings ratio of 86.86.
Cargojet (TSE:CJT) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.32 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.17 by C$0.15. The company had revenue of C$119.10 million for the quarter, compared to analyst estimates of C$118.08 million. On average, equities analysts expect that Cargojet will post 1.53 earnings per share for the current fiscal year.
About Cargojet (TSE:CJT)
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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