Cargojet Inc to Post FY2017 Earnings of $1.96 Per Share, National Bank Financial Forecasts (CJT)

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Cargojet Inc (TSE:CJT) – Research analysts at National Bank Financial lifted their FY2017 EPS estimates for shares of Cargojet in a note issued to investors on Thursday. National Bank Financial analyst U. Allem now anticipates that the firm will earn $1.96 per share for the year, up from their previous forecast of $1.75. National Bank Financial has a “Outperform” rating on the stock.
Several other equities research analysts have also recently weighed in on the company. RBC Capital Markets boosted their target price on Cargojet from C$41.00 to C$52.00 and gave the stock an “outperform” rating in a research note on Friday. Royal Bank Of Canada boosted their price objective on Cargojet from C$41.00 to C$52.00 and gave the company an “outperform” rating in a research note on Friday. Acumen Capital reiterated a “buy” rating and issued a C$38.50 price objective on shares of Cargojet in a research note on Thursday, August 11th. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of Cargojet in a research note on Monday, June 13th. Five investment analysts have rated the stock with a buy rating, Cargojet presently has a consensus rating of “Buy” and an average price target of C$43.38.
Shares of Cargojet (TSE:CJT) opened at 40.35 on Monday. The firm has a market cap of $425.09 million and a PE ratio of 91.29. The company has a 50-day moving average of $37.90 and a 200-day moving average of $31.91. Cargojet has a 1-year low of $19.02 and a 1-year high of $41.99.

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Cargojet Company Profile
Cargojet Inc is a provider of time sensitive overnight air cargo services. The Company’s cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations.

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