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

Cargojet (TSE:CJT – Get 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:CJT – Get 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

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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.