Cargojet (CGJTF) Receives a Buy from National Bank

In a report released today, Cameron Doerksen from National Bank maintained a Buy rating on Cargojet (CGJTFResearch Report), with a price target of C$264.00. The company’s shares closed last Monday at $166.97, close to its 52-week high of $186.62.

According to TipRanks.com, Doerksen is a 1-star analyst with an average return of -5.5% and a 47.1% success rate. Doerksen covers the Industrial Goods sector, focusing on stocks such as TFI International, Canadian Pacific, and Canadian Railway.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cargojet with a $204.19 average price target, an 11.7% upside from current levels. In a report issued on November 3, Beacon also maintained a Buy rating on the stock with a C$325.00 price target.

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The company has a one-year high of $186.62 and a one-year low of $65.17. Currently, Cargojet has an average volume of 116.

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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.