TD Securities Cuts Cargojet (TSE:CJT) Price Target to C$165.00

Cargojet (TSE:CJT) had its price target decreased by TD Securities from C$167.00 to C$165.00 in a report published on Thursday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other equities analysts also recently commented on CJT. ATB Capital lowered their price objective on Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. Cormark increased their price objective on shares of Cargojet from C$135.00 to C$140.00 in a research report on Thursday, August 15th. Canaccord Genuity Group raised their price objective on shares of Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. National Bankshares boosted their target price on shares of Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Finally, Acumen Capital raised their price target on Cargojet from C$175.00 to C$178.00 in a research note on Thursday, August 15th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$158.82.

Cargojet Stock Up 0.5 %

Shares of TSE CJT opened at C$123.15 on Thursday. The stock has a market cap of C$1.99 billion, a P/E ratio of -129.63 and a beta of 0.91. The business’s fifty day simple moving average is C$133.94 and its 200-day simple moving average is C$128.33. Cargojet has a 12-month low of C$93.55 and a 12-month high of C$144.97. The company has a current ratio of 0.59, a quick ratio of 0.79 and a debt-to-equity ratio of 99.84.

Cargojet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, October 4th were issued a $0.35 dividend. This is an increase from Cargojet’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Friday, September 20th. Cargojet’s payout ratio is presently -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.