Cargojet (TSE:CJT) Price Target Raised to C$108.00

Cargojet (TSE:CJT) had its target price raised by National Bankshares from C$95.00 to C$108.00 in a research report released on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other brokerages have also recently commented on CJT. Scotiabank raised their target price on Cargojet from C$105.00 to C$115.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Raymond James Financial reduced their price target on shares of Cargojet from C$132.00 to C$95.00 in a research report on Monday, November 10th. Stifel Nicolaus dropped their price objective on shares of Cargojet from C$120.00 to C$100.00 in a report on Monday, November 10th. Royal Bank Of Canada cut their target price on shares of Cargojet from C$151.00 to C$143.00 and set an “outperform” rating on the stock in a research note on Monday, December 22nd. Finally, Desjardins raised their price target on shares of Cargojet from C$117.00 to C$118.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat, Cargojet currently has a consensus rating of “Buy” and a consensus target price of C$127.62.

Cargojet Stock Up 0.1%

Cargojet stock opened at C$93.74 on Friday. The company has a market capitalization of C$1.41 billion, a PE ratio of 11.91 and a beta of 0.79. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56. Cargojet has a fifty-two week low of C$65.60 and a fifty-two week high of C$128.19. The firm has a 50 day moving average price of C$82.97 and a 200 day moving average price of C$89.83.

Cargojet (TSE:CJT) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.32 EPS for the quarter. Cargojet had a return on equity of 0.31% and a net margin of 0.25%.The company had revenue of C$219.90 million for the quarter. Research analysts expect that Cargojet will post 5.890933 earnings per share for the current year.

Cargojet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Monday, January 5th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, December 19th. Cargojet’s payout ratio is 17.79%.

Cargojet Company Profile

Cargojet Inc operates a domestic air cargo co-load network between sixteen major Canadian cities. The company provides dedicated aircraft to customers on an Aircraft, Crew, Maintenance and Insurance basis, operating between points in Canada, USA, Mexico and Europe. The company also operates scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada, UK and Germany; and between Canada and Mexico.