Cargojet (TSE:CJT) Price Target Raised to C$158.00

Cargojet (TSE:CJT) had its price objective lifted by National Bankshares from C$154.00 to C$158.00 in a report issued on Thursday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts have also recently issued reports about the company. Canaccord Genuity Group raised their target price on Cargojet from C$150.00 to C$156.00 in a research report on Wednesday, July 24th. Scotiabank cut Cargojet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Cormark lifted their price target on Cargojet from C$135.00 to C$140.00 in a research report on Thursday, August 15th. Acumen Capital lifted their price target on Cargojet from C$175.00 to C$178.00 in a research report on Thursday, August 15th. Finally, Royal Bank of Canada lifted their price target on Cargojet from C$182.00 to C$189.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Cargojet has a consensus rating of “Moderate Buy” and an average price target of C$159.91.

Cargojet Stock Down 0.1 %

Shares of Cargojet stock opened at C$138.62 on Thursday. The company has a current ratio of 0.59, a quick ratio of 0.79 and a debt-to-equity ratio of 99.84. The business’s 50 day simple moving average is C$130.48 and its 200-day simple moving average is C$125.12. The stock has a market capitalization of C$2.24 billion, a price-to-earnings ratio of -145.92 and a beta of 0.91. Cargojet has a twelve month low of C$76.50 and a twelve month high of C$143.64.

Cargojet (TSE:CJT) last posted its earnings results on Tuesday, August 13th. The company reported C($0.05) EPS for the quarter, missing the consensus estimate of C$1.10 by C($1.15). Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. The business had revenue of C$230.80 million during the quarter, compared to analyst estimates of C$239.77 million. Equities research analysts forecast that Cargojet will post 5.890933 earnings per share for the current year.

Cargojet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, October 4th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, September 20th. This is a positive change from Cargojet’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 1.01%. Cargojet’s dividend payout ratio (DPR) is currently -147.37%.

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.