Cargojet (TSE:CJT – Free Report) had its price objective increased by Canaccord Genuity Group from C$145.00 to C$148.00 in a research note published on Wednesday, BayStreet.CA reports.
CJT has been the topic of several other research reports. Royal Bank of Canada lowered their price objective on shares of Cargojet from C$187.00 to C$184.00 and set an outperform rating on the stock in a research note on Tuesday, January 16th. Acumen Capital lifted their price target on shares of Cargojet from C$160.00 to C$165.00 and gave the stock a buy rating in a research note on Tuesday, February 27th. ATB Capital lifted their price target on shares of Cargojet from C$155.00 to C$160.00 and gave the stock an outperform rating in a research note on Tuesday, February 27th. National Bankshares lifted their price target on shares of Cargojet from C$109.00 to C$129.00 and gave the stock a sector perform rating in a research note on Friday, January 5th. Finally, Scotiabank lifted their price target on shares of Cargojet from C$142.00 to C$145.00 and gave the stock an outperform rating in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of C$148.18.
Cargojet Trading Down 0.6 %
Cargojet (TSE:CJT – Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported C($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.88 by C($1.02). The company had revenue of C$221.90 million during the quarter, compared to analyst estimates of C$250.58 million. Cargojet had a return on equity of 4.62% and a net margin of 4.25%. As a group, sell-side analysts expect that Cargojet will post 3.6871632 EPS for the current year.
Cargojet Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Wednesday, March 20th were paid a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Tuesday, March 19th. This is an increase from Cargojet’s previous quarterly dividend of $0.03. Cargojet’s payout ratio is currently 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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