RBC Capital Reiterates Top Pick Rating for Cargojet (CJT)
Cargojet (TSE:CJT)‘s stock had its “top pick” rating restated by research analysts at RBC Capital in a report released on Thursday, Analyst Ratings Net reports. They currently have a C$25.00 target price on the stock, down from their previous target price of C$26.00. RBC Capital’s price objective would indicate a potential upside of 16.82% from the stock’s previous close.
Shares of Cargojet (TSE:CJT) traded down 0.42% on Thursday, hitting $21.31. The stock had a trading volume of 29,935 shares. Cargojet has a one year low of $10.02 and a one year high of $22.55. The stock’s 50-day moving average is $20.78 and its 200-day moving average is $16.45. The company has a P/E ratio of 50.95.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 3rd. Stockholders of record on Friday, June 20th will be paid a dividend of $0.1491 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.79%.
Other equities research analysts have also recently issued reports about the stock. Analysts at National Bank Financial raised their price target on shares of Cargojet from C$21.50 to C$23.00 in a research note on Friday, March 7th. They now have an “outperform” rating on the stock. Separately, analysts at NBF raised their price target on shares of Cargojet from C$21.50 to C$23.00 in a research note on Friday, March 7th. Finally, analysts at Canaccord Genuity raised their price target on shares of Cargojet from C$19.75 to C$22.75 in a research note on Friday, March 7th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of C$21.05.
Cargojet Inc (TSE:CJT) is a provider of time-sensitive overnight air cargo services.
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