Cargojet (TSE:CJT) Price Target Raised to C$154.00

Cargojet (TSE:CJT) had its price objective raised by TD Securities from C$150.00 to C$154.00 in a research report report published on Friday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also commented on CJT. Cormark reduced their price target on shares of Cargojet from C$140.00 to C$120.00 in a research report on Wednesday, February 19th. Canaccord Genuity Group increased their price target on Cargojet from C$165.00 to C$173.00 in a research report on Wednesday, February 19th. CIBC dropped their price target on Cargojet from C$163.00 to C$150.00 in a report on Thursday, April 10th. Scotiabank reduced their price objective on Cargojet from C$165.00 to C$139.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 2nd. Finally, National Bankshares decreased their target price on Cargojet from C$158.00 to C$151.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$151.18.

Cargojet Stock Performance

Cargojet stock opened at C$84.33 on Friday. Cargojet has a 52-week low of C$69.60 and a 52-week high of C$144.97. The company has a debt-to-equity ratio of 98.69, a current ratio of 0.56 and a quick ratio of 0.79. The stock has a fifty day moving average price of C$85.81 and a two-hundred day moving average price of C$108.78. The firm has a market capitalization of C$1.35 billion, a P/E ratio of 591.83 and a beta of 0.91.

Cargojet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, April 4th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.40 dividend on an annualized basis and a yield of 1.66%. Cargojet’s payout ratio is presently 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.