Cargojet (TSE:CJT) Price Target Raised to C$127.00

Cargojet (TSE:CJT) had its target price increased by TD from C$118.00 to C$127.00 in a research note published on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research analysts also recently commented on the stock. 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 report on Tuesday, July 14th. BMO Capital Markets raised their target price on Cargojet from C$85.00 to C$90.00 in a report on Wednesday. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$120.92.

Cargojet Price Performance

CJT stock opened at C$89.26 on Wednesday. The company’s 50-day moving average price is C$85.26 and its two-hundred day moving average price is C$86.21. The firm has a market cap of C$1.33 billion, a P/E ratio of 36.43 and a beta of 1.02. 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 has a 12 month low of C$65.60 and a 12 month high of C$104.60.

Cargojet (TSE:CJT) last issued its quarterly earnings results on Monday, August 10th. The company reported C$0.47 earnings per share for the quarter. The company 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%. On average, analysts anticipate that Cargojet will post 5.890933 earnings per share for the current fiscal year.

Cargojet Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Friday, June 19th. This represents a $1.54 dividend on an annualized basis and a yield of 1.7%. Cargojet’s payout ratio is currently 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.