Cargojet (TSE:CJT) PT Raised to C$160.00 at Scotiabank

Cargojet (TSE:CJTFree Report) had its target price upped by Scotiabank from C$145.00 to C$160.00 in a report published on Tuesday morning, MarketBeat reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on CJT. Canaccord Genuity Group lifted their target price on shares of Cargojet from C$145.00 to C$148.00 in a research report on Wednesday, April 24th. ATB Capital upped their target price on shares of Cargojet from C$155.00 to C$160.00 and gave the company an outperform rating in a report on Tuesday, February 27th. TD Securities upped their price objective on shares of Cargojet from C$157.00 to C$162.00 and gave the company a buy rating in a research note on Tuesday, April 30th. BMO Capital Markets lifted their target price on shares of Cargojet from C$110.00 to C$115.00 and gave the stock a market perform rating in a research note on Tuesday, February 27th. Finally, Royal Bank of Canada decreased their price objective on Cargojet from C$184.00 to C$182.00 and set an outperform rating on the stock in a report on Tuesday, May 14th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of C$153.27.

Check Out Our Latest Report on Cargojet

Cargojet Price Performance

The firm has a market cap of C$2.10 billion, a PE ratio of 53.97 and a beta of 1.00. Cargojet has a 12 month low of C$76.50 and a 12 month high of C$128.45. The stock’s fifty day moving average is C$115.91 and its two-hundred day moving average is C$114.81. The company has a debt-to-equity ratio of 85.77, a quick ratio of 0.79 and a current ratio of 0.96.

Cargojet (TSE:CJTGet Free Report) last released its quarterly earnings results on Monday, April 29th. The company reported C$1.86 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.71 by C$1.15. The business had revenue of C$231.20 million for the quarter, compared to analysts’ expectations of C$233.80 million. Cargojet had a return on equity of 4.78% and a net margin of 4.48%. Equities analysts anticipate that Cargojet will post 4.4768237 earnings per share for the current year.

Cargojet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, July 5th will be given a dividend of $0.315 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $1.26 dividend on an annualized basis and a dividend yield of ∞. Cargojet’s payout ratio is currently 53.85%.

Insider Activity at Cargojet

In other Cargojet news, Senior Officer Pauline Dhillon sold 7,607 shares of Cargojet stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of C$118.50, for a total transaction of C$901,429.50. Following the sale, the insider now directly owns 445 shares in the company, valued at approximately C$52,732.50. In other news, Director Arlene Dickinson sold 1,400 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of C$112.00, for a total value of C$156,800.00. Also, Senior Officer Pauline Dhillon sold 7,607 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of C$118.50, for a total value of C$901,429.50. Following the transaction, the insider now owns 445 shares in the company, valued at C$52,732.50. Company insiders own 2.71% of the company’s stock.

About Cargojet

(Get Free Report)

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.

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Analyst Recommendations for Cargojet (TSE:CJT)

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