Cargojet (TSE:CJT) Price Target Cut to C$118.00 by Analysts at TD

Cargojet (TSE:CJT) had its target price cut by TD from C$124.00 to C$118.00 in a research report sent to investors on Wednesday,BayStreet.CA reports.

CJT has been the subject of several other research reports. Royal Bank Of Canada reduced their price objective on shares of Cargojet from C$143.00 to C$140.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. National Bank Financial increased their price objective on Cargojet from C$108.00 to C$109.00 and gave the company an “outperform” rating in a research report on Tuesday. BMO Capital Markets decreased their target price on Cargojet from C$94.00 to C$85.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 6th. Canadian Imperial Bank of Commerce lifted their price target on shares of Cargojet from C$116.00 to C$122.00 in a research note on Thursday, April 2nd. Finally, Scotiabank lowered their price objective on Cargojet from C$118.00 to C$115.00 and set an “outperform” rating on the stock in a research note on Thursday, April 9th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$124.17.

Cargojet Trading Up 0.5%

Shares of TSE CJT opened at C$84.23 on Wednesday. Cargojet has a 12-month low of C$65.60 and a 12-month high of C$105.60. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 123.57. The stock’s 50 day simple moving average is C$83.75 and its 200 day simple moving average is C$86.39. The company has a market cap of C$1.26 billion, a price-to-earnings ratio of 34.38 and a beta of 1.02.

Cargojet (TSE:CJT) last posted its quarterly earnings results on Monday, May 4th. The company reported C$0.60 earnings per share for the quarter. Cargojet had a return on equity of 4.92% and a net margin of 3.64%.The firm had revenue of C$254.70 million for the quarter. Equities research analysts expect that Cargojet will post 5.890933 EPS for the current year.

Cargojet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, July 6th were paid a $0.385 dividend. The ex-dividend date was Friday, June 19th. This represents a $1.54 annualized dividend and a yield of 1.8%. Cargojet’s dividend payout ratio is currently 58.57%.

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.