Cargojet (TSE:CJT) Price Target Raised to C$130.00

Cargojet (TSE:CJT) had its price objective increased by Stifel Nicolaus from C$125.00 to C$130.00 in a report published on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

CJT has been the subject of a number of other reports. Royal Bank Of Canada dropped their price target on Cargojet from C$183.00 to C$177.00 in a report on Monday, April 28th. Stifel Canada raised Cargojet to a “strong-buy” rating in a report on Wednesday, June 11th. Scotiabank raised their price target on Cargojet from C$138.00 to C$140.00 and gave the company an “outperform” rating in a report on Friday, August 8th. ATB Capital dropped their price target on Cargojet from C$155.00 to C$145.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Finally, BMO Capital Markets dropped their price target on Cargojet from C$120.00 to C$95.00 in a report on Tuesday, April 15th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$148.00.

Cargojet Price Performance

Shares of CJT stock opened at C$104.99 on Monday. The stock’s fifty day simple moving average is C$99.36 and its 200 day simple moving average is C$94.86. Cargojet has a one year low of C$69.60 and a one year high of C$144.97. The firm has a market cap of C$1.68 billion, a price-to-earnings ratio of 736.83 and a beta of 0.91. The company has a debt-to-equity ratio of 98.69, a current ratio of 0.56 and a quick ratio of 0.79.

Cargojet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 4th. Investors of record on Friday, July 4th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, June 20th. 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.