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Bullboard - Stock Discussion Forum Cargojet Inc T.CJT

Alternate Symbol(s):  CGJTF | T.CJT.DB.E | T.CJT.DB.F

Cargojet Inc. is a Canada-based company, which is a provider of time-sensitive premium air cargo services to all major cities across North America. The Company also provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis, operating between points in Canada, the United States of America, Mexico, South America, Europe, and Asia. The Company operates... see more

TSX:CJT - Post Discussion

Cargojet Inc > RBC
View:
Post by retiredcf on Jun 02, 2021 9:40am

RBC

Also maintain their upside scenario target of $334.00. GLTA

June 1, 2021

Cargojet Inc.
Model update correcting for effective tax rate

Sector: Transportation

Outperform

TSX: CJT; CAD 179.32

Price Target CAD 293.00

Our view: We are updating our model to correct for CJT's effective tax rate.

Key points:

The adjustment has no impact on EBITDA and does not affect valuation. Our target price therefore remains unchanged; maintain Outperform.

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