Cargojet (TSE:CJT) Price Target Raised to C$135.00

Cargojet (TSE:CJT) had its target price hoisted by Desjardins from C$126.00 to C$135.00 in a report issued on Wednesday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Other research analysts have also issued research reports about the company. Scotiabank lifted their target price on Cargojet from C$120.00 to C$125.00 and gave the company a “sector outperform” rating in a report on Wednesday. TD increased their price target on shares of Cargojet from C$118.00 to C$127.00 and gave the stock a “buy” rating in a report on Wednesday. BMO Capital Markets raised their price objective on shares of Cargojet from C$85.00 to C$90.00 in a research report on Wednesday. Finally, National Bank Financial boosted their price objective on shares of Cargojet from C$108.00 to C$109.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$120.92.

Cargojet Price Performance

Shares of TSE CJT opened at C$89.26 on Wednesday. The stock has a market cap of C$1.33 billion, a PE ratio of 36.43 and a beta of 1.02. Cargojet has a fifty-two week low of C$65.60 and a fifty-two week high of C$104.60. The company has a debt-to-equity ratio of 119.27, a quick ratio of 0.79 and a current ratio of 0.83. The stock has a fifty day moving average of C$85.26 and a 200-day moving average of C$86.21.

Cargojet (TSE:CJT) last released its quarterly earnings data on Monday, August 10th. The company reported C$0.47 earnings per share (EPS) for the quarter. The company had revenue of C$275.80 million for the quarter. Cargojet had a return on equity of 6.30% and a net margin of 4.49%. Equities research analysts anticipate that Cargojet will post 5.890933 earnings per share for the current year.

Cargojet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, July 6th were given a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, June 19th. Cargojet’s payout ratio is presently 58.57%.

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.