Cargojet (TSE:CJT) Given New C$173.00 Price Target at Canaccord Genuity Group

Cargojet (TSE:CJT) had its price objective hoisted by Canaccord Genuity Group from C$165.00 to C$173.00 in a report released on Wednesday,BayStreet.CA reports.

CJT has been the subject of a number of other reports. National Bankshares decreased their price target on Cargojet from C$158.00 to C$151.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. CIBC cut their price target on Cargojet from C$177.00 to C$163.00 in a report on Wednesday. Royal Bank of Canada boosted their target price on shares of Cargojet from C$189.00 to C$193.00 in a research report on Wednesday. Cormark decreased their price target on shares of Cargojet from C$140.00 to C$120.00 in a research note on Wednesday. Finally, ATB Capital cut their price objective on shares of Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$158.45.

Cargojet Trading Down 3.6 %

TSE CJT opened at C$101.34 on Wednesday. The firm has a market capitalization of C$1.62 billion, a PE ratio of 711.21 and a beta of 0.91. The business’s 50-day moving average price is C$112.62 and its two-hundred day moving average price is C$122.88. The company has a current ratio of 0.56, a quick ratio of 0.79 and a debt-to-equity ratio of 98.69. Cargojet has a 12 month low of C$100.01 and a 12 month high of C$144.97.

Cargojet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 20th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.38%. Cargojet’s dividend payout ratio (DPR) is currently 982.53%.

Cargojet Company Profile

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.