National Bank Financial Equities Analysts Raise Earnings Estimates for Cargojet Inc. (TSE:CJT)

Cargojet Inc. (TSE:CJT – Get Ranking) – Equities researchers at Nationwide Lender Economic enhanced their FY2022 earnings per share (EPS) estimates for shares of Cargojet in a notice issued to buyers on Monday, March 7th. Countrywide Bank Economical analyst C. Doerksen now forecasts that the company will article earnings of $7.25 for each share for the 12 months, up from their past estimate of $6.81. Nationwide Lender Money also issued estimates for Cargojet’s FY2023 earnings at $8.03 EPS.

A quantity of other investigation companies also a short while ago weighed in on CJT. Royal Lender of Canada raised their focus on rate on shares of Cargojet from C$295.00 to C$311.00 and gave the organization an “outperform” ranking in a exploration report on Tuesday. CIBC reduced their cost objective on shares of Cargojet from C$245.00 to C$217.00 and set an “outperform” ranking for the corporation in a research report on Tuesday. Cormark lessened their cost objective on shares of Cargojet from C$275.00 to C$210.00 and set a “na” ranking for the company in a exploration report on Tuesday. Nationwide Bankshares lessened their cost goal on shares of Cargojet from C$203.00 to C$199.00 and established a “sector execute” ranking for the organization in a study report on Tuesday. Last but not least, Atb Cap Markets reissued an “outperform” score on shares of Cargojet in a study report on Monday. Four equities analysis analysts have rated the inventory with a keep ranking and six have assigned a buy ranking to the company’s stock. According to information from MarketBeat, the stock has a consensus score of “Acquire” and an typical price target of C$222.18.

Cargojet stock opened at C$149.32 on Wednesday. The business has a industry cap of C$2.59 billion and a P/E ratio of 56.58. Cargojet has a 1-yr reduced of C$144.14 and a 1-yr significant of C$214.50. The business has a fifty day straightforward relocating regular of C$175.13 and a 200 working day uncomplicated shifting normal of C$183.57. The corporation has a present-day ratio of 1.83, a fast ratio of 1.53 and a credit card debt-to-fairness ratio of 72.90.

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About Cargojet (Get Rating)

Cargojet Inc supplies time delicate overnight air cargo services in Canada. Its air cargo small business routines contain procedure of domestic overnight air cargo solutions between fourteen towns in North America and provision of committed aircraft to shoppers on an plane, crew, routine maintenance, and insurance policies (ACMI) foundation operating in between points in Canada, North and South America, and Europe.

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