Raymond James analyst Steve Hansen maintained a Buy rating on Cargojet yesterday and set a price target of C$120.00.
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According to TipRanks, Hansen is a 4-star analyst with an average return of 3.4% and a 52.31% success rate. Hansen covers the Industrials sector, focusing on stocks such as Exchange Income, Cargojet, and Canadian Pacific Kansas City.
In addition to Raymond James, Cargojet also received a Buy from TipRanks – PerPlexity’s PerPlexity Integrated Freight and Logistics in a report issued yesterday. However, on the same day, TipRanks – OpenAI downgraded Cargojet (Other OTC: CGJTF) to a Hold.
CGJTF market cap is currently C$1.36B and has a P/E ratio of 11.73.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CGJTF in relation to earlier this year.
