Cargojet (TSE:CJT) Price Target Cut to C$165.00 by Analysts at TD Securities

Cargojet (TSE:CJT) had its target price lowered by TD Securities from C$167.00 to C$165.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other brokerages also recently weighed in on CJT. National Bankshares raised their price target on Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Canaccord Genuity Group raised their price target on Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. Cormark raised their price target on Cargojet from C$135.00 to C$140.00 in a report on Thursday, August 15th. ATB Capital lowered their price target on Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. Finally, Acumen Capital lifted their target price on Cargojet from C$175.00 to C$178.00 in a report on Thursday, August 15th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$158.82.

Cargojet Stock Performance

CJT stock opened at C$123.15 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.59 and a debt-to-equity ratio of 99.84. The business’s fifty day simple moving average is C$133.94 and its two-hundred day simple moving average is C$128.46. Cargojet has a twelve month low of C$93.55 and a twelve month high of C$144.97. The firm has a market cap of C$1.99 billion, a price-to-earnings ratio of -129.63 and a beta of 0.91.

Cargojet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, October 4th were paid a $0.35 dividend. This is an increase from Cargojet’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Friday, September 20th. Cargojet’s dividend payout ratio (DPR) is -147.37%.

Cargojet Company Profile

Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.