Shares of Cargojet Inc. (OTCMKTS:CGJTF) have received an average recommendation of “Buy” from the seven research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $239.60.
CGJTF has been the topic of several research reports. Royal Bank of Canada reduced their target price on Cargojet from $318.00 to $293.00 and set an “outperform” rating on the stock in a report on Tuesday. Scotiabank upgraded Cargojet from a “sector perform” rating to an “outperform” rating and set a $220.00 price target for the company in a research report on Monday, March 8th. Canaccord Genuity upgraded Cargojet from a “hold” rating to a “buy” rating in a research report on Wednesday, April 28th. National Bank Financial reiterated an “outperform” rating on shares of Cargojet in a research report on Tuesday, March 2nd. Finally, BMO Capital Markets dropped their price target on Cargojet from $270.00 to $245.00 and set an “outperform” rating for the company in a research report on Tuesday, March 2nd.
Shares of CGJTF stock traded down $3.12 during trading hours on Tuesday, hitting $144.78. The stock had a trading volume of 31 shares, compared to its average volume of 266. Cargojet has a one year low of $93.99 and a one year high of $186.62. The stock’s 50-day moving average price is $139.09 and its two-hundred day moving average price is $158.34.
Cargojet Company Profile
Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic overnight air cargo services between fourteen cities in North America; 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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