National Bankshares Has Lowered Expectations for Cargojet (TSE:CJT) Stock Price

Cargojet (TSE:CJT) had its target price decreased by National Bankshares from C$158.00 to C$151.00 in a research report report published on Tuesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

CJT has been the topic of a number of other research reports. TD Securities decreased their target price on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. ATB Capital reduced their price objective on Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. Scotiabank lowered their target price on Cargojet from C$174.00 to C$170.00 in a report on Monday. CIBC lifted their price target on Cargojet from C$172.00 to C$177.00 in a research note on Wednesday, December 4th. Finally, Canaccord Genuity Group upped their price objective on Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$160.50.

Cargojet Price Performance

Shares of CJT stock opened at C$122.82 on Tuesday. The business has a fifty day simple moving average of C$114.89 and a 200 day simple moving average of C$125.64. The company has a market cap of C$1.98 billion, a P/E ratio of -129.28 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. Cargojet has a twelve month low of C$100.01 and a twelve month high of C$144.97.

Cargojet (TSE:CJT) last posted its earnings results on Monday, November 4th. The company reported C$1.48 EPS for the quarter, topping analysts’ consensus estimates of C$1.14 by C$0.34. Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. During the same period in the previous year, the company earned $0.30 earnings per share. On average, sell-side analysts forecast that Cargojet will post 5.890933 EPS for the current fiscal year.

Cargojet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Friday, December 20th. Cargojet’s dividend payout ratio is presently -147.37%.

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.