Royal Bank Of Canada Cuts Cargojet (TSE:CJT) Price Target to C$143.00

Cargojet (TSE:CJT) had its price objective decreased by Royal Bank Of Canada from C$151.00 to C$143.00 in a research report report published on Monday morning,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other equities research analysts have also recently commented on CJT. CIBC cut their price target on Cargojet from C$142.00 to C$132.00 in a research note on Wednesday, October 8th. TD Securities dropped their price objective on shares of Cargojet from C$160.00 to C$120.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Raymond James Financial cut their price objective on shares of Cargojet from C$132.00 to C$95.00 in a research report on Monday, November 10th. Desjardins raised their target price on shares of Cargojet from C$117.00 to C$118.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Finally, Stifel Nicolaus dropped their price target on shares of Cargojet from C$120.00 to C$100.00 in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat.com, Cargojet currently has a consensus rating of “Buy” and an average target price of C$128.15.

Cargojet Trading Up 1.6%

TSE CJT opened at C$85.35 on Monday. The firm’s fifty day moving average is C$78.17 and its two-hundred day moving average is C$91.26. Cargojet has a one year low of C$65.60 and a one year high of C$128.19. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56. The firm has a market cap of C$1.29 billion, a PE ratio of 10.84 and a beta of 0.88.

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

Cargojet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Monday, January 5th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, December 19th. Cargojet’s dividend payout ratio (DPR) is currently 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.