Cargojet (TSE:CJT) PT Lowered to C$197.00

Cargojet (TSE:CJTGet Rating) had its price target reduced by Scotiabank from C$215.00 to C$197.00 in a research report sent to investors on Tuesday, BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the stock. Atb Cap Markets restated an outperform rating on shares of Cargojet in a research report on Monday, March 7th. ATB Capital boosted their price objective on shares of Cargojet from C$225.00 to C$230.00 and gave the company an outperform rating in a research report on Tuesday. CIBC boosted their price objective on shares of Cargojet from C$217.00 to C$236.00 and gave the company an outperform rating in a research report on Wednesday, March 30th. Cormark cut their price objective on shares of Cargojet from C$275.00 to C$210.00 and set a na rating for the company in a research report on Tuesday, March 8th. Finally, TD Securities boosted their price objective on shares of Cargojet from C$210.00 to C$230.00 and gave the company a buy rating in a research report on Wednesday, March 30th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus target price of C$218.00.

Shares of CJT opened at C$151.40 on Tuesday. The company has a current ratio of 2.04, a quick ratio of 1.73 and a debt-to-equity ratio of 58.93. The stock has a market cap of C$2.62 billion and a P/E ratio of 15.92. The company has a 50-day moving average of C$164.96 and a two-hundred day moving average of C$172.80. Cargojet has a 12-month low of C$144.14 and a 12-month high of C$214.50.

Cargojet (TSE:CJTGet Rating) last announced its earnings results on Monday, March 7th. The company reported C$2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.93 by C$0.74. The business had revenue of C$235.90 million for the quarter, compared to analyst estimates of C$213.20 million. As a group, analysts forecast that Cargojet will post 7.3700001 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 5th. Investors of record on Tuesday, April 5th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Friday, March 18th. Cargojet’s dividend payout ratio (DPR) is 10.94%.

Cargojet Company Profile (Get Rating)

Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic air cargo network services between fourteen cities in North America; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.

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