Cargojet (TSE:CJT) Given New C$165.00 Price Target at Scotiabank

Cargojet (TSE:CJT - Free Report) had its price target cut by Scotiabank from C$170.00 to C$165.00 in a report published on Wednesday morning,BayStreet.CA reports.

Several other equities analysts have also recently commented on CJT. National Bankshares reduced their price objective on shares of Cargojet from C$158.00 to C$151.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. CIBC boosted their price objective on shares of Cargojet from C$172.00 to C$177.00 in a research note on Wednesday, December 4th. Canaccord Genuity Group boosted their price objective on shares of Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th. ATB Capital reduced their price objective on shares of Cargojet from C$165.00 to C$155.00 in a research note on Wednesday, November 6th. Finally, TD Securities reduced their price objective on shares of Cargojet from C$167.00 to C$165.00 and set a "buy" rating for the company in a research note on Thursday, November 21st. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$158.45.

Cargojet Stock Performance

Shares of TSE CJT traded down C$3.74 during midday trading on Wednesday, hitting C$101.34. The company's stock had a trading volume of 200,715 shares, compared to its average volume of 95,618. The stock has a fifty day moving average price of C$112.62 and a 200 day moving average price of C$122.88. The firm has a market capitalization of C$1.62 billion, a price-to-earnings ratio of 711.21 and a beta of 0.91. Cargojet has a one year low of C$100.01 and a one year high of C$144.97. The company has a current ratio of 0.56, a quick ratio of 0.79 and a debt-to-equity ratio of 98.69.

Cargojet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 20th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.38%. Cargojet's dividend payout ratio (DPR) is 982.53%.

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.