Canaccord Genuity Gives a Hold Rating to Cargojet (CGJTF)

In a report issued on August 6, Doug Taylor from Canaccord Genuity assigned a Hold rating to Cargojet (CGJTFResearch Report), with a price target of C$160.00. The company’s shares closed last Friday at $134.77, close to its 52-week high of $139.80.

Taylor has an average return of 22.4% when recommending Cargojet.

According to TipRanks.com, Taylor is ranked #832 out of 6890 analysts.

Cargojet has an analyst consensus of Moderate Buy, with a price target consensus of $151.94, implying a 12.7% upside from current levels. In a report issued on August 7, Raymond James also maintained a Hold rating on the stock with a C$190.00 price target.

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The company has a one-year high of $139.80 and a one-year low of $64.54. Currently, Cargojet has an average volume of 128.

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Cargojet, Inc. provides air cargo transportation services. The firm provides aircrafts to customers on an adhoc charter basis operating between points in Canada, the USA and other international destinations. It also offers scheduled international routes for multiple cargo customers across North America, to the Caribbean, and to Europe. The company was founded by Ajay K. Virmani on April 7, 2010 and is headquartered in Mississauga, Canada.