Cargojet (TSE:CJT) Price Target Raised to C$125.00

Cargojet (TSE:CJT) had its price target upped by Scotiabank from C$120.00 to C$125.00 in a research report released on Wednesday,BayStreet.CA reports. They currently have a sector outperform rating on the stock.

CJT has been the topic of several other research reports. BMO Capital Markets upped their price objective on shares of Cargojet from C$85.00 to C$90.00 in a report on Wednesday. National Bank Financial raised their target price on Cargojet from C$108.00 to C$109.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Finally, TD upped their price target on Cargojet from C$118.00 to C$127.00 and gave the stock a “buy” rating in a research note on Wednesday. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$120.92.

Cargojet Stock Down 2.6%

Cargojet stock opened at C$89.26 on Wednesday. The company has a market capitalization of C$1.33 billion, a PE ratio of 36.43 and a beta of 1.02. Cargojet has a 12-month low of C$65.60 and a 12-month high of C$104.60. The firm’s fifty day moving average is C$85.26 and its 200 day moving average is C$86.21. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 119.27.

Cargojet (TSE:CJT) last posted its quarterly earnings results on Monday, August 10th. The company reported C$0.47 EPS for the quarter. The business had revenue of C$275.80 million during the quarter. Cargojet had a net margin of 4.49% and a return on equity of 6.30%. As a group, sell-side analysts predict that Cargojet will post 5.890933 EPS for the current fiscal year.

Cargojet Announces Dividend

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

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.