RBC Capital Keeps a Buy Rating on Cargojet

By Austin Angelo

Today, an analyst has provided a rating update for the Materials sector company, Cargojet (TSX: CJT). RBC Capital’s analyst Steve Arthur reiterates their Buy rating on the shares, with a C$57 price target.

According to TipRanks.com, Arthur is ranked #425 out of 4561 analysts.

Cargojet has an analyst consensus of Moderate Buy, with a price target consensus of C$57.

The company has a one year high of C$52.56 and a one year low of C$30.80. Currently, Cargojet has an average volume of 30.56K.

Cargojet, Inc. provides air cargo services. Its engages in operating a domestic overnight air cargo network between fourteen major Canadian cities each business day; providing dedicated aircraft to customers on an aircraft, crew, maintenance and insurance basis, operating between points in Canada, North and South America and Europe; operating scheduled international routes for multiple cargo customers between the USA and Bermuda, and between Canada and Germany, and providing specialty charter service across North America, to the Caribbean and to Europe. The company was founded on April 7, 2010 and is headquartered in Mississauga, Canada.

The company’s shares closed last Monday at $46.40.