Cargojet (TSE:CJT – Free Report) had its target price boosted by ATB Cormark Capital Markets from C$110.00 to C$120.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Other research analysts have also issued research reports about the company. 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 research report on Tuesday, July 14th. Scotiabank boosted their target price on Cargojet from C$120.00 to C$125.00 and gave the stock a “sector outperform” rating in a report on Wednesday. BMO Capital Markets increased their target price on Cargojet from C$85.00 to C$90.00 in a research note on Wednesday. Desjardins raised their price target on Cargojet from C$126.00 to C$135.00 and gave the company a “buy” rating in a report on Wednesday. Finally, TD lifted their price target on Cargojet from C$118.00 to C$127.00 and gave the stock a “buy” rating in a research report on Wednesday. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Cargojet has an average rating of “Moderate Buy” and an average target price of C$120.92.
Get Our Latest Research Report on CJT
Cargojet Trading Down 2.6%
Cargojet (TSE:CJT – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported C$0.47 earnings per share for the quarter. Cargojet had a net margin of 4.49% and a return on equity of 6.30%. The business had revenue of C$275.80 million for the quarter. As a group, sell-side analysts expect that Cargojet will post 5.890933 EPS for the current fiscal year.
Cargojet Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, July 6th were given a dividend of $0.385 per share. The ex-dividend date of this dividend was Friday, June 19th. This represents a $1.54 annualized dividend and a dividend yield of 1.7%. Cargojet’s dividend payout ratio (DPR) is 58.57%.
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.
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