Cargojet (TSE:CJT – Free Report) had its price target increased by Canaccord Genuity Group from C$145.00 to C$148.00 in a research report released on Wednesday morning, BayStreet.CA reports.
CJT has been the topic of a number of other research reports. National Bankshares upped their price objective on Cargojet from C$109.00 to C$129.00 and gave the stock a sector perform rating in a research note on Friday, January 5th. Scotiabank increased their price target on Cargojet from C$142.00 to C$145.00 and gave the company an outperform rating in a research note on Monday, January 22nd. Laurentian upgraded Cargojet from a hold rating to a buy rating and increased their price target for the company from C$102.00 to C$150.00 in a research note on Tuesday, January 16th. Acumen Capital increased their price target on Cargojet from C$160.00 to C$165.00 and gave the company a buy rating in a research note on Tuesday, February 27th. Finally, Royal Bank of Canada dropped their price target on Cargojet from C$187.00 to C$184.00 and set an outperform rating on the stock in a research note on Tuesday, January 16th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of C$148.18.
Get Our Latest Analysis on Cargojet
Cargojet Trading Down 0.6 %
Cargojet (TSE:CJT – Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported C($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.88 by C($1.02). Cargojet had a return on equity of 4.62% and a net margin of 4.25%. The company had revenue of C$221.90 million for the quarter, compared to the consensus estimate of C$250.58 million. Equities research analysts predict that Cargojet will post 3.6871632 earnings per share for the current fiscal year.
Cargojet Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Wednesday, March 20th were given a dividend of $0.315 per share. This is a boost from Cargojet’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, March 19th. This represents a $1.26 annualized dividend and a yield of 1.10%. Cargojet’s dividend payout ratio (DPR) is presently 57.80%.
About Cargojet
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.
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