Cargojet (TSE:CJT) Given New C$158.00 Price Target at National Bankshares

Cargojet (TSE:CJT) had its price target boosted by National Bankshares from C$154.00 to C$158.00 in a research note published on Thursday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also commented on CJT. TD Securities upped their price objective on Cargojet from C$173.00 to C$176.00 in a research note on Thursday, August 15th. Canaccord Genuity Group upped their price target on Cargojet from C$150.00 to C$156.00 in a research report on Wednesday, July 24th. ATB Capital lifted their price objective on Cargojet from C$160.00 to C$165.00 in a research report on Thursday, August 15th. Royal Bank of Canada increased their target price on shares of Cargojet from C$182.00 to C$189.00 and gave the stock an “outperform” rating in a report on Monday, July 8th. Finally, Scotiabank downgraded shares of Cargojet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$159.91.

Cargojet Trading Down 0.1 %

Cargojet stock opened at C$138.62 on Thursday. Cargojet has a 52-week low of C$76.50 and a 52-week high of C$143.64. The company has a market cap of C$2.24 billion, a P/E ratio of -145.92 and a beta of 0.91. The company has a quick ratio of 0.79, a current ratio of 0.59 and a debt-to-equity ratio of 99.84. The business has a 50-day simple moving average of C$130.48 and a two-hundred day simple moving average of C$125.22.

Cargojet (TSE:CJT) last announced its earnings results on Tuesday, August 13th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.10 by C($1.15). Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. The business had revenue of C$230.80 million for the quarter, compared to the consensus estimate of C$239.77 million. Analysts predict that Cargojet will post 5.890933 EPS for the current year.

Cargojet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, October 4th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, September 20th. This is an increase from Cargojet’s previous quarterly dividend of $0.32. Cargojet’s payout ratio is -147.37%.

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.