Cargojet (TSE:CJT – Free Report) had its price objective raised by TD Securities from C$157.00 to C$162.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.
Several other equities research analysts have also recently commented on the company. Royal Bank of Canada decreased their target price on Cargojet from C$187.00 to C$184.00 and set an outperform rating for the company in a research note on Tuesday, January 16th. Scotiabank upped their price objective on shares of Cargojet from C$142.00 to C$145.00 and gave the company an outperform rating in a report on Monday, January 22nd. Laurentian upgraded Cargojet from a hold rating to a buy rating and raised their target price for the company from C$102.00 to C$150.00 in a research note on Tuesday, January 16th. BMO Capital Markets boosted their price target on shares of 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, Cormark lowered their price objective on Cargojet from C$121.00 to C$120.00 in a research note on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of C$148.91.
View Our Latest Stock Analysis on CJT
Cargojet Stock 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 the consensus estimate of C$0.88 by C($1.02). The firm had revenue of C$221.90 million during the quarter, compared to analyst estimates of C$250.58 million. Cargojet had a net margin of 4.25% and a return on equity of 4.62%. Equities analysts forecast that Cargojet will post 3.6871632 earnings per share for the current year.
Cargojet Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Wednesday, March 20th were given a dividend of $0.315 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $1.26 annualized dividend and a yield of 1.02%. This is a positive change from Cargojet’s previous quarterly dividend of $0.03. Cargojet’s dividend 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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