Cargojet (TSE:CJT) Share Price Crosses Above Two Hundred Day Moving Average of $85.84
Cargojet (TSE:CJT)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $85.84 and traded as high as $100.26. Cargojet shares last traded at $99.59, with a volume of 23,038 shares changing hands.
A number of research firms recently weighed in on CJT. AltaCorp Capital lifted their price objective on shares of Cargojet from C$95.00 to C$110.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Canaccord Genuity lowered shares of Cargojet from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$95.00 to C$100.00 in a research report on Thursday, July 25th. National Bank Financial lifted their price objective on shares of Cargojet from C$94.00 to C$105.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Cormark lifted their price objective on shares of Cargojet from C$105.00 to C$120.00 in a research report on Tuesday, August 27th. Finally, Raymond James set a C$90.00 price objective on shares of Cargojet and gave the company a “market perform” rating in a research report on Monday, August 26th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Cargojet presently has a consensus rating of “Hold” and a consensus price target of C$110.50.
The business’s 50-day moving average is C$95.63 and its two-hundred day moving average is C$85.84. The company has a debt-to-equity ratio of 413.78, a quick ratio of 0.50 and a current ratio of 0.64. The stock has a market capitalization of $1.37 billion and a PE ratio of 86.86.
Cargojet Company Profile (TSE:CJT)
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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