Cargojet (TSE:CJT) Price Target Cut to C$165.00 by Analysts at TD Securities

Cargojet (TSE:CJT) had its price objective decreased by TD Securities from C$167.00 to C$165.00 in a research note issued to investors on Thursday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other research firms have also recently issued reports on CJT. ATB Capital cut their target price on shares of Cargojet from C$165.00 to C$155.00 in a research note on Wednesday, November 6th. National Bankshares raised their target price on shares of Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Acumen Capital raised their target price on shares of Cargojet from C$175.00 to C$178.00 in a research note on Thursday, August 15th. Cormark raised their target price on shares of Cargojet from C$135.00 to C$140.00 in a research note on Thursday, August 15th. Finally, Canaccord Genuity Group raised their target price on shares of Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$158.82.

Cargojet Stock Performance

Shares of CJT opened at C$123.15 on Thursday. The firm has a 50-day moving average of C$133.94 and a 200-day moving average of C$128.46. Cargojet has a one year low of C$93.55 and a one year high of C$144.97. The company has a market cap of C$1.99 billion, a PE ratio of -129.63 and a beta of 0.91. The company has a debt-to-equity ratio of 99.84, a current ratio of 0.59 and a quick ratio of 0.79.

Cargojet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, October 4th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, September 20th. This is a positive change from Cargojet’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.14%. Cargojet’s payout ratio is presently -147.37%.

Cargojet Company Profile

Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.