Cargojet (TSE:CJT) Price Target Lowered to C$177.00 at Royal Bank of Canada

Cargojet (TSE:CJT) had its price target decreased by Royal Bank of Canada from C$183.00 to C$177.00 in a report issued on Monday,BayStreet.CA reports.

Several other research firms also recently commented on CJT. BMO Capital Markets reduced their price target on shares of Cargojet from C$120.00 to C$95.00 in a research note on Tuesday, April 15th. TD Securities raised their price target on shares of Cargojet from C$150.00 to C$154.00 and gave the stock a “buy” rating in a research note on Friday. Scotiabank dropped their target price on shares of Cargojet from C$165.00 to C$139.00 and set an “outperform” rating on the stock in a report on Wednesday, April 2nd. CIBC dropped their target price on shares of Cargojet from C$163.00 to C$150.00 in a report on Thursday, April 10th. Finally, Cormark dropped their target price on shares of Cargojet from C$140.00 to C$120.00 in a report on Wednesday, February 19th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$150.64.

Cargojet Trading Up 1.0 %

CJT stock opened at C$85.20 on Monday. The company has a market capitalization of C$1.36 billion, a PE ratio of 597.94 and a beta of 0.91. Cargojet has a 12 month low of C$69.60 and a 12 month high of C$144.97. The firm’s 50-day moving average is C$85.36 and its 200 day moving average is C$108.44. The company has a debt-to-equity ratio of 98.69, a current ratio of 0.56 and a quick ratio of 0.79.

Cargojet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, April 4th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Thursday, March 20th. Cargojet’s dividend payout ratio is currently 982.53%.

About Cargojet

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.