Cargojet (TSE:CJT – Free Report) had its target price boosted by National Bankshares from C$129.00 to C$132.00 in a research report report published on Tuesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.
A number of other equities analysts have also issued reports on CJT. ATB Capital boosted their target price on shares of Cargojet from C$155.00 to C$160.00 and gave the stock an outperform rating in a research report on Tuesday, February 27th. Laurentian raised shares of Cargojet from a hold rating to a buy rating and upped their price objective for the company from C$102.00 to C$150.00 in a research report on Tuesday, January 16th. Acumen Capital increased their target price on shares of Cargojet from C$160.00 to C$165.00 and gave the company a buy rating in a research note on Tuesday, February 27th. BMO Capital Markets boosted their price target on Cargojet from C$110.00 to C$115.00 and gave the company a market perform rating in a research note on Tuesday, February 27th. Finally, TD Securities raised their price objective on Cargojet from C$157.00 to C$162.00 and gave the stock a buy rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cargojet presently has a consensus rating of Moderate Buy and an average target price of C$148.91.
Get Our Latest Research Report on Cargojet
Cargojet Trading Up 2.7 %
Cargojet (TSE:CJT – Get Free Report) last released its earnings results on Monday, February 26th. The company reported C($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.88 by C($1.02). Cargojet had a net margin of 4.25% and a return on equity of 4.62%. The business had revenue of C$221.90 million during the quarter, compared to analyst estimates of C$250.58 million. Equities research analysts predict that Cargojet will post 3.6871632 earnings per share for the current year.
Cargojet Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Wednesday, March 20th were issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 1.02%. This is an increase from Cargojet’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, March 19th. Cargojet’s payout ratio is presently 57.80%.
About Cargojet
Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.
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