In a latest note to investors, a research analyst has provided a rating update for the Cargojet (CJT). RBC Capital’s analyst Walter Spracklin reiterates their Buy rating on the shares, with a C$100 price target.
According to TipRanks.com, Spracklin is a top 100 analyst with an average return of 17.9% and a 74.2% success rate. Spracklin covers the Services sector, focusing on stocks such as WestJet Airlines Ltd, Union Pacific Corp, and Canadian Railway.
Currently, the analyst consensus on Cargojet is a Strong Buy with an average price target of C$97.50, a 17.5% upside from current levels. In a report issued on February 14, Laurentian Bank of Canada also maintained a Buy rating on the stock with a C$98 price target.
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Cargojet’s market cap is currently C$1.12B and has a P/E ratio of 40.5. The company has a Price to Book ratio of 7.39.
Cargojet, Inc. provides time-sensitive overnight air cargo services. The firm provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis, operating between points in Canada and the United States of America. It also offers scheduled international routes for multiple cargo customers across North America, to the Caribbean, and to Europe. The company was founded by Ajay Virmani on April 7, 2010 and is headquartered in Mississauga, Canada.
The company’s shares closed on Friday at C$83.
