Cargojet (TSE:CJT) Price Target Cut to C$140.00 by Analysts at Royal Bank Of Canada

Cargojet (TSE:CJT) had its price objective lowered by Royal Bank Of Canada from C$143.00 to C$140.00 in a research note published on Monday morning,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other research analysts also recently commented on CJT. Stifel Nicolaus increased their target price on Cargojet from C$100.00 to C$120.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Scotiabank lowered their target price on Cargojet from C$118.00 to C$115.00 and set an “outperform” rating for the company in a research report on Thursday, April 9th. BMO Capital Markets increased their target price on Cargojet from C$90.00 to C$94.00 and gave the company a “market perform” rating in a research report on Thursday, February 26th. Canadian Imperial Bank of Commerce increased their target price on Cargojet from C$116.00 to C$122.00 in a research report on Thursday, April 2nd. Finally, Desjardins increased their target price on Cargojet from C$117.00 to C$126.00 in a research report on Thursday, February 26th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$125.45.

Cargojet Stock Up 0.0%

TSE CJT opened at C$81.34 on Monday. The company has a debt-to-equity ratio of 155.48, a quick ratio of 0.79 and a current ratio of 1.23. The company has a market capitalization of C$1.21 billion, a P/E ratio of 15.52 and a beta of 0.86. Cargojet has a one year low of C$65.60 and a one year high of C$113.89. The stock has a 50 day moving average price of C$88.97 and a 200-day moving average price of C$85.35.

Cargojet (TSE:CJT) last posted its earnings results on Tuesday, February 24th. The company reported C$1.47 EPS for the quarter. The firm had revenue of C$284.70 million during the quarter. Cargojet had a return on equity of 10.73% and a net margin of 8.08%. As a group, equities analysts predict that Cargojet will post 5.890933 EPS for the current fiscal year.

Cargojet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd were given a $0.385 dividend. This is a boost from Cargojet’s previous quarterly dividend of $0.35. This represents a $1.54 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, March 20th. Cargojet’s dividend payout ratio is 26.72%.

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.