Stifel Nicolaus Reiterates C$125.00 Price Target for Cargojet (TSE:CJT)

Stifel Nicolaus set a C$125.00 price target on Cargojet (TSE:CJT) in a report published on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

CJT has been the topic of several other reports. Royal Bank of Canada cut their target price on Cargojet from C$183.00 to C$177.00 in a research note on Monday, April 28th. CIBC cut their target price on Cargojet from C$163.00 to C$150.00 in a research note on Thursday, April 10th. TD Securities increased their target price on Cargojet from C$150.00 to C$154.00 and gave the company a “buy” rating in a research note on Friday, April 25th. Canaccord Genuity Group increased their target price on Cargojet from C$165.00 to C$173.00 in a research note on Wednesday, February 19th. Finally, BMO Capital Markets cut their target price on Cargojet from C$120.00 to C$95.00 in a research note on Tuesday, April 15th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$148.50.

Cargojet Stock Performance

Cargojet stock opened at C$93.16 on Thursday. 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 company has a market capitalization of C$1.49 billion, a P/E ratio of 653.80 and a beta of 0.91. The stock’s 50 day moving average is C$87.53 and its 200 day moving average is C$98.92. Cargojet has a twelve month low of C$69.60 and a twelve month high of C$144.97.

Cargojet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 4th. Stockholders of record on Friday, July 4th will be paid a $0.35 dividend. The ex-dividend date is Friday, June 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.50%. Cargojet’s dividend payout ratio (DPR) is currently 982.53%.

About Cargojet

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.