Stifel Nicolaus set a C$125.00 target price on Cargojet (TSE:CJT - Free Report) in a research report report published on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
Other research analysts have also issued reports about the stock. CIBC dropped their price objective on shares of Cargojet from C$163.00 to C$150.00 in a research note on Thursday, April 10th. TD Securities boosted their target price on shares of Cargojet from C$150.00 to C$154.00 and gave the company a "buy" rating in a research note on Friday, April 25th. BMO Capital Markets lowered their target price on shares of Cargojet from C$120.00 to C$95.00 in a research note on Tuesday, April 15th. Scotiabank lowered their target price on shares of Cargojet from C$165.00 to C$139.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd. Finally, Cormark lowered their target price on shares of Cargojet from C$140.00 to C$120.00 in a research note on Wednesday, February 19th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$148.50.
Read Our Latest Report on CJT
Cargojet Price Performance
Shares of CJT stock traded down C$0.54 on Thursday, reaching C$93.16. The company's stock had a trading volume of 70,747 shares, compared to its average volume of 93,918. The stock's fifty day simple moving average is C$87.53 and its 200-day simple moving average is C$98.76. Cargojet has a 1 year low of C$69.60 and a 1 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. The company has a market capitalization of C$1.49 billion, a price-to-earnings ratio of 653.80 and a beta of 0.91.
Cargojet Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 4th. Investors of record on Friday, July 4th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.40 annualized dividend and a dividend yield of 1.50%. Cargojet's payout ratio is currently 982.53%.
Cargojet Company Profile
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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.
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