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CIBC World Markets announced Cargojet (TSE:CJT), boosting its stock price target to $48.00 today

Just yesterday Cargojet (TSE:CJT) traded 5.30% higher at $42.49. Cargojet’s 50-day average is $37.90 and its 200-day moving average is $31.91. The last stock price close is up 33.15% relative to the two hundred day average, compared to the S&P 500 Index which has decreased -0.01% over the same time. 77,587 shares of the stock traded, up from ann average trading volume of 18,124.

Cargojet (TSE:CJT) had its price target raised to $48 by CIBC World Markets in an issued report announced Monday September 19 2016. The increased target price indicates a potential upside of 0.13% from the company’s previous closing price.

On 9/16/2016, RBC Capital Markets reported about Cargojet(TSE:CJT) raised the target price from $41.00 to $52.00 that indicated a possible upside of 0.30%.

See Chart Below:

Cargojet (TSE:CJT)

A total of 5 analysts have released a ratings update on the company. Zero rate the stock a strong buy, 0 rate the company 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 12-month target of $35.48

With a market capitalization of $0.0, Cargojet has a P/E of 96 with a one-year low of $19.02 and a one-year high of $42.53.

About 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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