Cargojet (TSE:CJT) Price Target Lowered to C$165.00 at Scotiabank

Cargojet (TSE:CJT) had its price objective decreased by Scotiabank from C$170.00 to C$165.00 in a report published on Wednesday,BayStreet.CA reports.

Other equities analysts also recently issued reports about the stock. ATB Capital cut their price objective on shares of Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. Canaccord Genuity Group upped their price objective on shares of Cargojet from C$160.00 to C$165.00 in a research report on Wednesday, November 6th. TD Securities decreased their price objective on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. National Bankshares cut their target price on Cargojet from C$158.00 to C$151.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Finally, CIBC upped their target price on Cargojet from C$172.00 to C$177.00 in a report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$158.45.

Cargojet Stock Down 3.6 %

CJT stock opened at C$107.40 on Wednesday. The stock’s 50 day moving average is C$112.89 and its 200-day moving average is C$123.23. Cargojet has a twelve month low of C$100.01 and a twelve month high of C$144.97. The firm has a market capitalization of C$1.72 billion, a PE ratio of 753.74 and a beta of 0.91. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69.

Cargojet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.40 annualized dividend and a yield of 1.30%. Cargojet’s dividend payout ratio is currently 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.