Cargojet (TSE:CJT) PT Lowered to C$180.00

Cargojet (TSE:CJTGet Rating) had its price objective lowered by Scotiabank from C$185.00 to C$180.00 in a research note released on Monday, BayStreet.CA reports.

Several other research firms have also recently weighed in on CJT. ATB Capital dropped their price target on Cargojet from C$200.00 to C$185.00 in a report on Friday, January 13th. Acumen Capital dropped their target price on Cargojet from C$220.00 to C$200.00 in a report on Monday, January 16th. Canaccord Genuity Group upped their price target on shares of Cargojet from C$195.00 to C$200.00 in a research note on Tuesday, November 1st. Royal Bank of Canada dropped their price objective on shares of Cargojet from C$272.00 to C$247.00 in a research note on Tuesday, January 17th. Finally, BMO Capital Markets lowered their target price on shares of Cargojet from C$150.00 to C$140.00 in a report on Thursday, January 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of C$188.10.

Cargojet Trading Up 3.4 %

CJT stock opened at C$118.92 on Monday. The stock has a market cap of C$2.05 billion and a price-to-earnings ratio of 7.24. The company has a fifty day moving average price of C$124.98 and a two-hundred day moving average price of C$130.64. Cargojet has a one year low of C$109.69 and a one year high of C$194.19. The company has a debt-to-equity ratio of 71.94, a current ratio of 0.87 and a quick ratio of 0.79.

Cargojet (TSE:CJTGet Rating) last announced its earnings results on Monday, October 31st. The company reported C$2.18 EPS for the quarter, topping the consensus estimate of C$1.73 by C$0.45. The company had revenue of C$232.70 million for the quarter, compared to the consensus estimate of C$253.60 million. Equities analysts anticipate that Cargojet will post 7.7600006 EPS for the current year.

Cargojet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 5th. Investors of record on Thursday, January 5th were paid a $0.286 dividend. The ex-dividend date was Monday, December 19th. This represents a $1.14 dividend on an annualized basis and a yield of 0.96%. Cargojet’s dividend payout ratio (DPR) is 6.65%.

About Cargojet

(Get Rating)

Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic air cargo network services between fourteen cities in North America; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.

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Analyst Recommendations for Cargojet (TSE:CJT)

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