Cargojet (TSE:CJT) Given New C$120.00 Price Target at Raymond James Financial

Cargojet (TSE:CJT) had its price target lifted by Raymond James Financial from C$95.00 to C$120.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts also recently weighed in on the company. Scotiabank raised their price objective on Cargojet from C$105.00 to C$115.00 and gave the company an “outperform” rating in a research note on Wednesday. Royal Bank Of Canada lowered their price objective on shares of Cargojet from C$151.00 to C$143.00 and set an “outperform” rating on the stock in a research note on Monday, December 22nd. National Bankshares raised their target price on shares of Cargojet from C$95.00 to C$108.00 and gave the company an “outperform” rating in a report on Friday. Stifel Nicolaus reduced their price target on shares of Cargojet from C$120.00 to C$100.00 in a report on Monday, November 10th. Finally, CIBC dropped their price objective on shares of Cargojet from C$142.00 to C$132.00 in a research note on Wednesday, October 8th. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Cargojet currently has an average rating of “Buy” and a consensus target price of C$127.62.

Cargojet Stock Performance

Shares of CJT opened at C$93.74 on Friday. 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$65.60 and a 52-week high of C$128.19. The company has a 50-day simple moving average of C$82.97 and a 200-day simple moving average of C$90.03. The company has a market capitalization of C$1.41 billion, a PE ratio of 11.91 and a beta of 0.79.

Cargojet (TSE:CJT) last issued its earnings results on Wednesday, November 5th. The company reported C$0.32 earnings per share for the quarter. Cargojet had a net margin of 0.25% and a return on equity of 0.31%. The company had revenue of C$219.90 million for the quarter. Equities research analysts predict that Cargojet will post 5.890933 earnings per share for the current fiscal year.

Cargojet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Monday, January 5th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, December 19th. Cargojet’s payout ratio 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.