Cargojet (TSE:CJT) Price Target Raised to C$193.00

Cargojet (TSE:CJT) had its price target increased by Royal Bank of Canada from C$189.00 to C$193.00 in a research note issued to investors on Wednesday,BayStreet.CA reports.

Other equities research analysts have also issued research reports about the stock. CIBC lifted their target price on shares of Cargojet from C$172.00 to C$177.00 in a research note on Wednesday, December 4th. Scotiabank reduced their target price on Cargojet from C$170.00 to C$165.00 in a report on Wednesday. TD Securities lowered their target price on Cargojet from C$167.00 to C$165.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. National Bankshares decreased their price objective on Cargojet from C$158.00 to C$151.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Finally, ATB Capital dropped their target price on shares of Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cargojet has a consensus rating of “Moderate Buy” and an average price target of C$158.45.

Cargojet Price Performance

Shares of Cargojet stock opened at C$101.34 on Wednesday. The company’s fifty day simple moving average is C$112.62 and its two-hundred day simple moving average is C$122.88. Cargojet has a 12-month low of C$100.01 and a 12-month high of C$144.97. The firm has a market cap of C$1.62 billion, a PE ratio of 711.21 and a beta of 0.91. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69.

Cargojet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.38%. 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.