TD Securities Increases Cargojet (TSE:CJT) Price Target to C$225.00

Cargojet (TSE:CJTGet Rating) had its target price raised by TD Securities from C$210.00 to C$225.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

CJT has been the topic of several other reports. Scotiabank cut their price objective on Cargojet from C$215.00 to C$197.00 in a research report on Tuesday. ATB Capital raised their price objective on Cargojet from C$225.00 to C$230.00 and gave the company an outperform rating in a research report on Tuesday. Atb Cap Markets reissued an outperform rating on shares of Cargojet in a research report on Monday, March 7th. National Bankshares cut their price objective on Cargojet from C$199.00 to C$185.00 and set a sector perform rating on the stock in a research report on Tuesday. Finally, Cormark cut their price objective on Cargojet from C$275.00 to C$210.00 and set a na rating on the stock in a research report on Tuesday, March 8th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to, the stock has a consensus rating of Buy and an average target price of C$218.00.

Shares of 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 market capitalization of C$2.62 billion and a P/E ratio of 15.92. 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 business’s fifty day moving average price is C$164.96 and its 200 day moving average price is C$172.80.

Cargojet (TSE:CJTGet Rating) last issued its earnings results on Monday, March 7th. The company reported C$2.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$1.93 by C$0.74. The firm had revenue of C$235.90 million during the quarter, compared to analyst estimates of C$213.20 million. As a group, sell-side analysts predict that Cargojet will post 7.3700001 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 5th. Stockholders of record on Tuesday, April 5th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, March 18th. Cargojet’s payout ratio 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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