Cargojet (TSE:CJT) Price Target Increased to C$158.00 by Analysts at National Bankshares

Cargojet (TSE:CJT - Free Report) had its price objective hoisted by National Bankshares from C$154.00 to C$158.00 in a report published on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages have also commented on CJT. Scotiabank lowered shares of Cargojet from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 10th. ATB Capital increased their price target on shares of Cargojet from C$160.00 to C$165.00 in a research note on Thursday, August 15th. Cormark increased their price target on shares of Cargojet from C$135.00 to C$140.00 in a research note on Thursday, August 15th. Canaccord Genuity Group increased their price target on shares of Cargojet from C$150.00 to C$156.00 in a research note on Wednesday, July 24th. Finally, TD Securities increased their price target on shares of Cargojet from C$173.00 to C$176.00 in a research note on Thursday, August 15th. Two equities research 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 MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$159.91.

Cargojet Stock Up 1.0 %

Cargojet stock traded up C$1.44 during trading hours on Thursday, hitting C$138.75. The company had a trading volume of 18,220 shares, compared to its average volume of 55,276. The firm has a market capitalization of C$2.24 billion, a P/E ratio of -146.05 and a beta of 0.91. 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 firm's fifty day moving average is C$129.58 and its 200-day moving average is C$124.69. Cargojet has a fifty-two week low of C$76.50 and a fifty-two week high of C$143.64.

Cargojet (TSE:CJT - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C$1.10 by C($1.15). The company had revenue of C$230.80 million during the quarter, compared to analyst estimates of C$239.77 million. Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. On average, research analysts forecast that Cargojet will post 5.890933 earnings per share for the current year.

Cargojet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, October 4th were issued a dividend of $0.35 per share. This is an increase from Cargojet's previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Friday, September 20th. Cargojet's dividend payout ratio (DPR) is currently -147.37%.

Cargojet Company Profile

Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.