National Bankshares Increases Cargojet (TSE:CJT) Price Target to C$158.00

Cargojet (TSE:CJT) had its price objective lifted by National Bankshares from C$154.00 to C$158.00 in a research report report published on Thursday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other analysts have also issued reports on the company. Cormark increased their price objective on Cargojet from C$135.00 to C$140.00 in a report on Thursday, August 15th. Acumen Capital increased their price objective on Cargojet from C$175.00 to C$178.00 in a report on Thursday, August 15th. Canaccord Genuity Group increased their price objective on Cargojet from C$150.00 to C$156.00 in a report on Wednesday, July 24th. Scotiabank lowered Cargojet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Finally, Royal Bank of Canada increased their price objective on Cargojet from C$182.00 to C$189.00 and gave the stock an “outperform” rating in a report on Monday, July 8th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$159.91.

Cargojet Stock Performance

Shares of Cargojet stock opened at C$138.62 on Thursday. The stock has a market cap of C$2.24 billion, a PE ratio of -145.92 and a beta of 0.91. The business has a fifty day simple moving average of C$130.48 and a 200-day simple moving average of C$125.12. The company has a quick ratio of 0.79, a current ratio of 0.59 and a debt-to-equity ratio of 99.84. Cargojet has a 12 month low of C$76.50 and a 12 month high of C$143.64.

Cargojet (TSE:CJT) last issued its earnings results on Tuesday, August 13th. The company reported C($0.05) EPS for the quarter, missing the consensus estimate of C$1.10 by C($1.15). The business had revenue of C$230.80 million during the quarter, compared to analyst estimates of C$239.77 million. Cargojet had a negative return on equity of 2.13% and a negative net margin of 1.88%. On average, sell-side analysts anticipate that Cargojet will post 5.890933 EPS for the current fiscal year.

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 issued a dividend of $0.35 per share. 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 1.01%. The ex-dividend date of this dividend was Friday, September 20th. Cargojet’s dividend payout ratio (DPR) is -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.