Cargojet (TSE:CJT) Price Target Raised to C$90.00

Cargojet (TSE:CJT) had its price target increased by BMO Capital Markets from C$85.00 to C$90.00 in a report published on Wednesday morning,BayStreet.CA reports.

Several other equities research analysts have also recently commented on CJT. TD cut their price target on shares of Cargojet from C$124.00 to C$118.00 in a research report on Wednesday, July 15th. National Bank Financial raised their price objective on Cargojet from C$108.00 to C$109.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Cargojet presently has an average rating of “Moderate Buy” and an average price target of C$120.92.

Cargojet Stock Performance

Shares of CJT stock opened at C$89.26 on Wednesday. The company’s fifty day simple moving average is C$85.26 and its 200-day simple moving average is C$86.21. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 119.27. The firm has a market cap of C$1.33 billion, a PE ratio of 36.43 and a beta of 1.02. Cargojet has a 12 month low of C$65.60 and a 12 month high of C$104.60.

Cargojet (TSE:CJT) last announced its earnings results on Monday, August 10th. The company reported C$0.47 EPS for the quarter. The business had revenue of C$275.80 million during the quarter. Cargojet had a net margin of 4.49% and a return on equity of 6.30%. Equities research analysts expect that Cargojet will post 5.890933 EPS for the current fiscal year.

Cargojet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, July 6th were issued a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, June 19th. Cargojet’s dividend payout ratio is presently 58.57%.

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.