Cargojet (TSE:CJT) Given a C$125.00 Price Target by Stifel Nicolaus Analysts

Stifel Nicolaus set a C$125.00 price target on Cargojet (TSE:CJT) in a research report report published on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently commented on CJT. Scotiabank decreased their target price on Cargojet from C$165.00 to C$139.00 and set an “outperform” rating on the stock in a report on Wednesday, April 2nd. CIBC decreased their target price on Cargojet from C$163.00 to C$150.00 in a report on Thursday, April 10th. Cormark decreased their target price on Cargojet from C$140.00 to C$120.00 in a report on Wednesday, February 19th. Royal Bank of Canada decreased their target price on Cargojet from C$183.00 to C$177.00 in a report on Monday, April 28th. Finally, BMO Capital Markets decreased their target price on Cargojet from C$120.00 to C$95.00 in a report on Tuesday, April 15th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Cargojet has a consensus rating of “Buy” and a consensus target price of C$148.50.

Cargojet Price Performance

Shares of Cargojet stock opened at C$93.16 on Thursday. Cargojet has a one year low of C$69.60 and a one year high of C$144.97. The stock’s fifty day moving average is C$87.53 and its 200 day moving average is C$98.92. The stock has a market cap of C$1.49 billion, a P/E ratio of 653.80 and a beta of 0.91. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56.

Cargojet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 4th. Shareholders of record on Friday, July 4th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.40 dividend on an annualized basis and a yield of 1.50%. Cargojet’s dividend payout ratio is presently 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.