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

Cargojet (TSE:CJT - Free Report) had its price target lowered by National Bankshares from C$158.00 to C$151.00 in a research report report published on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

CJT has been the topic of a number of other research reports. TD Securities reduced their price target on Cargojet from C$167.00 to C$165.00 and set a "buy" rating on the stock in a report on Thursday, November 21st. ATB Capital decreased their target price on Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. CIBC lifted their price target on shares of Cargojet from C$172.00 to C$177.00 in a report on Wednesday, December 4th. Scotiabank decreased their price objective on shares of Cargojet from C$174.00 to C$170.00 in a report on Monday, January 20th. Finally, Canaccord Genuity Group lifted their target price on shares of Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$160.50.

Cargojet Trading Down 6.0 %

Cargojet stock traded down C$7.10 during trading hours on Thursday, reaching C$111.98. The company had a trading volume of 197,476 shares, compared to its average volume of 87,133. The firm has a market cap of C$1.81 billion, a price-to-earnings ratio of -117.87 and a beta of 0.91. Cargojet has a 12-month low of C$100.01 and a 12-month high of C$144.97. The company has a debt-to-equity ratio of 99.84, a current ratio of 0.59 and a quick ratio of 0.79. The company has a 50-day moving average price of C$114.52 and a 200 day moving average price of C$124.94.

Cargojet (TSE:CJT - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported C$1.48 EPS for the quarter, beating 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 quarter last year, the company posted $0.30 earnings per share. Equities analysts forecast that Cargojet will post 5.890933 earnings per share for the current year.

Cargojet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders 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 dividend yield of 1.25%. The ex-dividend date was Friday, December 20th. Cargojet's dividend payout ratio is -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.