Cargojet (CJT) Stock Rating Reaffirmed by National Bank Financial

National Bank Financial reaffirmed their sector perform under weight rating on shares of Cargojet (TSE:CJT) in a research report released on Monday morning. National Bank Financial also issued estimates for Cargojet’s Q3 2018 earnings at $0.59 EPS, FY2018 earnings at $2.22 EPS and FY2019 earnings at $3.64 EPS.

Separately, Royal Bank of Canada boosted their price objective on Cargojet from C$73.00 to C$85.00 and gave the stock an outperform rating in a research report on Tuesday.

Shares of Cargojet stock opened at C$74.14 on Monday. Cargojet has a one year low of C$47.30 and a one year high of C$74.29.

In related news, Director Jamie Bennett Porteous sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 27th. The stock was sold at an average price of C$65.00, for a total transaction 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.

Recommended Story: Growth Stocks

Receive News & Ratings for Cargojet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cargojet and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply