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

TD set a C$128.00 price target on Cargojet (TSE:CJT – Free Report) in a report issued on Friday,BayStreet reports. The brokerage currently has a buy rating on the stock.

Several other research analysts also recently weighed in on CJT. Desjardins increased their price target on Cargojet from C$126.00 to C$135.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. National Bank Financial boosted their price objective on Cargojet from C$109.00 to C$112.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. ATB Cormark Capital Markets upped their price objective on shares of Cargojet from C$110.00 to C$120.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. BMO Capital Markets increased their target price on shares of Cargojet from C$85.00 to C$90.00 in a research report on Wednesday, August 12th. Finally, Scotiabank lifted their target price on shares of Cargojet from C$120.00 to C$125.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, August 12th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$121.00.

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Cargojet Price Performance

Cargojet stock opened at C$91.06 on Friday. The business’s 50 day simple moving average is C$85.17 and its 200 day simple moving average is C$83.82. Cargojet has a 12 month low of C$65.60 and a 12 month high of C$100.87. The company has a market cap of C$1.35 billion, a price-to-earnings ratio of 29.47 and a beta of 1.03. 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 – Get Free Report) last released its earnings results on Monday, August 10th. The company reported C$0.47 earnings per share (EPS) for the quarter. The business had revenue of C$275.80 million during the quarter. Cargojet had a return on equity of 6.30% and a net margin of 4.49%. Sell-side analysts forecast that Cargojet will post 5.890933 EPS for the current year.

Cargojet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Monday, October 5th will be issued a $0.3850 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.54 annualized dividend and a dividend yield of 1.7%. Cargojet’s dividend payout ratio is presently 47.57%.

About Cargojet

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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.

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