TD Analysts Give Cargojet (TSE:CJT) a C$128.00 Price Target

TD set a C$128.00 target price on Cargojet (TSE:CJT) in a research note issued to investors on Thursday morning,BayStreet reports. The firm currently has a buy rating on the stock.

CJT has been the topic of several other reports. Scotiabank increased their price target on Cargojet from C$120.00 to C$125.00 and gave the stock a “sector outperform” rating in a report on Wednesday, August 12th. ATB Cormark Capital Markets boosted their price objective on Cargojet from C$110.00 to C$120.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Desjardins upped their price objective on Cargojet from C$126.00 to C$135.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. BMO Capital Markets increased their target price on Cargojet from C$85.00 to C$90.00 in a research note on Wednesday, August 12th. Finally, Acumen Capital lifted their target price on Cargojet from C$115.00 to C$120.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Cargojet has a consensus rating of “Moderate Buy” and a consensus target price of C$121.00.

Cargojet Price Performance

CJT stock opened at C$81.59 on Thursday. The stock has a market cap of C$1.21 billion, a PE ratio of 26.40 and a beta of 1.03. Cargojet has a 12 month low of C$65.60 and a 12 month high of C$100.87. The company has a 50-day moving average price of C$84.85 and a 200 day moving average price of C$84.02. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 119.27.

Cargojet (TSE:CJT) last posted its quarterly earnings data on Monday, August 10th. The company reported C$0.47 earnings per share for the quarter. The company had revenue of C$275.80 million for the quarter. Cargojet had a net margin of 4.49% and a return on equity of 6.30%. Equities research analysts anticipate that Cargojet will post 5.890933 earnings per share for the current year.

Cargojet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Monday, October 5th will be paid a $0.385 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.54 dividend on an annualized basis and a yield of 1.9%. Cargojet’s dividend payout ratio is 47.57%.

About Cargojet

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 aircraft.