TD Securities Has Lowered Expectations for Cargojet (TSE:CJT) Stock Price

Cargojet (TSE:CJT) had its price target decreased by TD Securities from C$165.00 to C$150.00 in a research note released on Tuesday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

CJT has been the subject of several other reports. Canaccord Genuity Group upped their price objective on Cargojet from C$165.00 to C$173.00 in a research report on Wednesday, February 19th. National Bankshares lowered their target price on Cargojet from C$158.00 to C$151.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Scotiabank reduced their price target on Cargojet from C$165.00 to C$139.00 and set an “outperform” rating for the company in a research report on Wednesday, April 2nd. Cormark lowered their price target on Cargojet from C$140.00 to C$120.00 in a research report on Wednesday, February 19th. Finally, CIBC cut their price objective on Cargojet from C$163.00 to C$150.00 in a report on Thursday, April 10th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$151.73.

Cargojet Stock Performance

Shares of CJT opened at C$75.43 on Tuesday. The firm has a market cap of C$1.21 billion, a P/E ratio of 529.37 and a beta of 0.91. Cargojet has a twelve month low of C$69.60 and a twelve month high of C$144.97. 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’s 50 day moving average price is C$89.53 and its two-hundred day moving average price is C$111.14.

Cargojet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, April 4th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Thursday, March 20th. Cargojet’s payout ratio is 982.53%.

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.