Can Cargojet Inc’s Tomorrow be Different? The Stock Declines Again

 Can Cargojet Inc's Tomorrow be Different? The Stock Declines Again

The stock of Cargojet Inc (TSE:CJT) is a huge mover today! About 13,372 shares traded hands. Cargojet Inc (TSE:CJT) has risen 74.38% since April 27, 2016 and is uptrending. It has outperformed by 68.45% the S&P500.
The move comes after 7 months negative chart setup for the $526.20M company. It was reported on Dec, 1 by Barchart.com. We have $44.97 PT which if reached, will make TSE:CJT worth $47.36 million less.

Cargojet Inc (TSE:CJT) Ratings Coverage

Out of 3 analysts covering Cargojet (TSE:CJT), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Cargojet has been the topic of 10 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Friday, August 12 by Acumen Capital. The stock of Cargojet Inc (TSE:CJT) has “Outperform” rating given on Monday, September 19 by IBC. On Friday, August 14 the stock rating was maintained by National Bank Canada with “Sector Perform”.

Another recent and important Cargojet Inc (TSE:CJT) news was published by Business.Financialpost.com which published an article titled: “Cargojet Inc. rated at $48, receives highly positive outlook from CIBC” on September 19, 2016.

Cargojet Inc. is a provider of time sensitive overnight air cargo services. The company has a market cap of $526.20 million. The Company’s cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to clients on an aircraft, crew, maintenance and insurance basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo clients between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to clients on an adhoc charter basis operating between points in Canada, the United States and other international destinations. It has a 268.21 P/E ratio. Within its overnight network, the Company also provides domestic air cargo services for a range of international airlines between points in Canada that connect such airlines’ gateways to Canada.

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