Cargojet (TSE:CJT) Price Target Raised to C$173.00

Cargojet (TSE:CJT) had its price target increased by Canaccord Genuity Group from C$165.00 to C$173.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports.

Several other equities analysts have also recently weighed in on CJT. TD Securities lowered their target price on Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. CIBC lowered their price objective on shares of Cargojet from C$177.00 to C$163.00 in a research report on Wednesday. ATB Capital cut their target price on shares of Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. Canaccord Genuity Group boosted their price target on shares of Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. Finally, Royal Bank of Canada lifted their price objective on Cargojet from C$189.00 to C$193.00 in a research report on Wednesday. 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 MarketBeat, Cargojet presently has a consensus rating of “Moderate Buy” and an average price target of C$158.45.

Cargojet Stock Performance

Shares of Cargojet stock opened at C$107.40 on Wednesday. Cargojet has a 12 month low of C$100.01 and a 12 month high of C$144.97. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69. The stock has a market cap of C$1.72 billion, a PE ratio of 753.74 and a beta of 0.91. The business has a fifty day simple moving average of C$112.89 and a 200-day simple moving average of C$123.23.

Cargojet Dividend Announcement

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