A report released today by RBC Capital Markets about Cargojet (TSE:CJT) raises the target price to $52.00
- Updated: September 16, 2016
RBC Capital Markets upped the target stock price of Cargojet (TSE:CJT) to $52, indicating a possible upside of 0.30%.
Boasting a price of $40.00, Cargojet (TSE:CJT) traded 2.00% higher on the day. The last close is up 25.37% relative to the two hundred day average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. CJT has recorded a 50-day average of $37.54 and 200-day moving average of $31.73. Trading volume was was up over the average, with 69,400 shares of CJT changing hands over the typical 16,389 shares.
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Cargojet has a P/E of 90 with a one-year low of $19.02 and a one-year high of $41.99 and has a market cap of $0.0.
A total of 5 analysts have released a ratings update on Cargojet. Zero rate the company a strong buy, five firms rate the stock a buy, 0 analysts rate the company a hold, 0 rate the company to underperform, and lastly 0 analystsrate the company as sell with a one year target price of $33.36
General Company Details For Cargojet (TSE:CJT)
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. Within its overnight network, the Company also provides domestic air cargo services for a range of international airlines between points in Canada that connect such airlines’ gateways to Canada. The Company’s freighter aircraft fleet includes B767-200, B757-200, B757-200 and Challenger 601, and among others.
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