FY2018 EPS Estimates for Cargojet (CJT) Decreased by Analyst
Cargojet (TSE:CJT) – Analysts at National Bank Financial dropped their FY2018 earnings per share estimates for shares of Cargojet in a research note issued to investors on Monday, August 13th. National Bank Financial analyst U. Allem now anticipates that the company will post earnings of $2.22 per share for the year, down from their previous estimate of $2.45. National Bank Financial currently has a “Sector Perform Under Weight” rating on the stock. National Bank Financial also issued estimates for Cargojet’s FY2019 earnings at $3.64 EPS.
Separately, Royal Bank of Canada increased their price objective on shares of Cargojet from C$73.00 to C$85.00 and gave the company an “outperform” rating in a research report on Tuesday.
In other Cargojet news, Director Jamie Bennett Porteous sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 27th. The shares were sold at an average price of C$65.00, for a total value of C$325,000.00.
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 co-load network between 14 cities in Canada; 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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