National Bankshares Issues Positive Forecast for Cargojet (TSE:CJT) Stock Price

Cargojet (TSE:CJT) had its price target lifted by National Bankshares from C$95.00 to C$108.00 in a research note published on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. CIBC dropped their price target on shares of Cargojet from C$142.00 to C$132.00 in a research report on Wednesday, October 8th. Raymond James Financial dropped their target price on shares of Cargojet from C$132.00 to C$95.00 in a report on Monday, November 10th. Royal Bank Of Canada cut their target price on Cargojet from C$151.00 to C$143.00 and set an “outperform” rating on the stock in a research report on Monday, December 22nd. TD Securities lowered their price target on Cargojet from C$160.00 to C$120.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Finally, Scotiabank lifted 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. Nine investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$127.62.

Cargojet Price Performance

TSE:CJT opened at C$93.74 on Friday. Cargojet has a 52 week low of C$65.60 and a 52 week high of C$128.19. The stock’s fifty day moving average is C$82.97 and its two-hundred day moving average is C$90.03. The company has a market capitalization of C$1.41 billion, a P/E ratio of 11.91 and a beta of 0.79. 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 released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.32 earnings per share for the quarter. The business had revenue of C$219.90 million during the quarter. Cargojet had a return on equity of 0.31% and a net margin of 0.25%. Equities analysts expect that Cargojet will post 5.890933 EPS for the current year.

Cargojet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Monday, January 5th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, December 19th. Cargojet’s dividend payout ratio (DPR) is presently 17.79%.

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.