Cargojet (TSE:CJT) Given a C$125.00 Price Target by Stifel Nicolaus Analysts

Stifel Nicolaus set a C$125.00 price objective on Cargojet (TSE:CJT) in a research note issued to investors on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also recently commented on the stock. TD Securities lifted their target price on shares of Cargojet from C$150.00 to C$154.00 and gave the company a “buy” rating in a report on Friday, April 25th. BMO Capital Markets dropped their target price on Cargojet from C$120.00 to C$95.00 in a report on Tuesday, April 15th. CIBC cut their price target on Cargojet from C$163.00 to C$150.00 in a research note on Thursday, April 10th. Scotiabank decreased their price target on Cargojet from C$165.00 to C$139.00 and set an “outperform” rating for the company in a report on Wednesday, April 2nd. Finally, Cormark dropped their price objective on shares of Cargojet from C$140.00 to C$120.00 in a research note on Wednesday, February 19th. Eight research 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, the company has an average rating of “Buy” and a consensus price target of C$148.50.

Cargojet Stock Down 4.8%

Shares of TSE CJT opened at C$93.70 on Thursday. The business has a 50-day moving average price of C$87.10 and a 200 day moving average price of C$99.12. The stock has a market cap of C$1.50 billion, a PE ratio of 657.59 and a beta of 0.91. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69. Cargojet has a 52-week low of C$69.60 and a 52-week high of C$144.97.

Cargojet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 4th. Stockholders of record on Friday, June 20th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.49%. Cargojet’s dividend payout ratio (DPR) is presently 982.53%.

About Cargojet

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.