Cargojet (TSE:CJT) PT Lowered to C$200.00 at BMO Capital Markets

Cargojet (TSE:CJTGet Rating) had its target price decreased by BMO Capital Markets from C$220.00 to C$200.00 in a research note released on Tuesday, BayStreet.CA reports.

Other analysts have also recently issued reports about the company. Atb Cap Markets reaffirmed an outperform rating on shares of Cargojet in a research report on Monday, March 7th. TD Securities increased their price objective on Cargojet from C$210.00 to C$230.00 and gave the stock a buy rating in a research report on Wednesday, March 30th. ATB Capital raised their price target on Cargojet from C$225.00 to C$230.00 and gave the company an outperform rating in a report on Tuesday. Royal Bank of Canada reduced their price target on Cargojet from C$311.00 to C$302.00 and set an outperform rating for the company in a report on Wednesday, March 30th. Finally, Scotiabank reduced their price target on Cargojet from C$215.00 to C$197.00 in a report on Tuesday. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Cargojet has an average rating of Buy and an average target price of C$218.00.

Cargojet stock opened at C$151.40 on Tuesday. Cargojet has a twelve month low of C$144.14 and a twelve month high of C$214.50. The stock has a 50 day moving average of C$164.96 and a two-hundred day moving average of C$172.80. 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 capitalization of C$2.62 billion and a price-to-earnings ratio of 15.92.

Cargojet (TSE:CJTGet Rating) last posted its quarterly earnings data on Monday, March 7th. The company reported C$2.67 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.93 by C$0.74. The company had revenue of C$235.90 million for the quarter, compared to analyst estimates of C$213.20 million. Equities analysts predict that Cargojet will post 7.3700001 earnings per share for the current year.

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