Cargojet (TSE:CJT) Price Target Raised to C$132.00

Cargojet (TSE:CJT) had its target price hoisted by National Bankshares from C$129.00 to C$132.00 in a research note issued to investors on Tuesday morning, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

A number of other equities research analysts have also recently commented on CJT. ATB Capital increased their price target on Cargojet from C$155.00 to C$160.00 and gave the company an outperform rating in a research note on Tuesday, February 27th. Cormark decreased their price objective on shares of Cargojet from C$121.00 to C$120.00 in a research report on Tuesday, February 27th. Royal Bank of Canada dropped their target price on shares of Cargojet from C$184.00 to C$182.00 and set an outperform rating on the stock in a research report on Tuesday. TD Securities raised their price target on shares of Cargojet from C$157.00 to C$162.00 and gave the stock a buy rating in a report on Tuesday. Finally, Scotiabank boosted their price objective on shares of Cargojet from C$142.00 to C$145.00 and gave the company an outperform rating in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cargojet currently has a consensus rating of Moderate Buy and a consensus price target of C$148.91.

Cargojet Stock Up 1.1 %

Shares of TSE:CJT opened at C$120.02 on Tuesday. The company has a debt-to-equity ratio of 101.87, a current ratio of 1.49 and a quick ratio of 0.79. The business has a 50 day simple moving average of C$112.36 and a two-hundred day simple moving average of C$108.51. Cargojet has a 1 year low of C$76.50 and a 1 year high of C$125.44. The firm has a market capitalization of C$2.02 billion, a PE ratio of 55.06 and a beta of 1.03.

Cargojet (TSE:CJT) last issued its earnings results on Monday, February 26th. The company reported C($0.14) earnings per share for the quarter, missing the consensus estimate of C$0.88 by C($1.02). Cargojet had a return on equity of 4.62% and a net margin of 4.25%. The firm had revenue of C$221.90 million during the quarter, compared to analysts’ expectations of C$250.58 million. On average, equities analysts predict that Cargojet will post 3.6871632 EPS for the current year.

Cargojet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Wednesday, March 20th were paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 1.05%. This is a positive change from Cargojet’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, March 19th. Cargojet’s dividend payout ratio (DPR) is 57.80%.

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.