Cargojet (TSE:CJT) Price Target Lowered to C$143.00 at Royal Bank Of Canada

Cargojet (TSE:CJT) had its target price reduced by Royal Bank Of Canada from C$151.00 to C$143.00 in a report released on Monday,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other equities analysts have also weighed in on CJT. Scotiabank decreased their target price on shares of Cargojet from C$140.00 to C$135.00 in a report on Friday, October 3rd. CIBC reduced their price target on shares of Cargojet from C$142.00 to C$132.00 in a research report on Wednesday, October 8th. Desjardins increased their price objective on Cargojet from C$117.00 to C$118.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Raymond James Financial cut their target price on Cargojet from C$132.00 to C$95.00 in a research note on Monday, November 10th. Finally, National Bankshares decreased their price target on Cargojet from C$123.00 to C$120.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$128.15.

Cargojet Stock Down 0.5%

Shares of TSE:CJT opened at C$83.34 on Monday. Cargojet has a 52-week low of C$65.60 and a 52-week high of C$128.19. The stock has a market cap of C$1.26 billion, a P/E ratio of 10.59 and a beta of 0.88. The business has a fifty day moving average of C$78.14 and a two-hundred day moving average of C$91.39. 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 (TSE:CJT) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C$0.32 EPS for the quarter. Cargojet had a return on equity of 0.31% and a net margin of 0.25%.The business had revenue of C$219.90 million for the quarter. On average, research analysts expect that Cargojet will post 5.890933 earnings per share for the current year.

Cargojet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Monday, January 5th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, December 19th. Cargojet’s dividend payout ratio (DPR) is currently 17.79%.

Cargojet Company Profile

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.