Cargojet (TSE:CJT) Price Target Raised to C$130.00 at Stifel Nicolaus

Cargojet (TSE:CJT) had its target price upped by Stifel Nicolaus from C$125.00 to C$130.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also weighed in on the company. BMO Capital Markets reduced their target price on Cargojet from C$120.00 to C$95.00 in a report on Tuesday, April 15th. TD Securities lifted their target price on Cargojet from C$150.00 to C$160.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Stifel Canada upgraded Cargojet to a “strong-buy” rating in a report on Wednesday, June 11th. ATB Capital reduced their target price on Cargojet from C$155.00 to C$145.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Finally, Scotiabank lifted their target price on Cargojet from C$138.00 to C$140.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$148.00.

Cargojet Trading Up 1.7%

TSE:CJT opened at C$104.99 on Monday. Cargojet has a 1-year low of C$69.60 and a 1-year high of C$144.97. The business’s 50-day moving average price is C$99.36 and its two-hundred day moving average price is C$94.86. The company has a current ratio of 0.56, a quick ratio of 0.79 and a debt-to-equity ratio of 98.69. The firm has a market capitalization of C$1.68 billion, a price-to-earnings ratio of 736.83 and a beta of 0.91.

Cargojet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 4th. Shareholders of record on Friday, July 4th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, June 20th. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. 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.