National Bankshares Cuts Cargojet (TSE:CJT) Price Target to C$151.00

Cargojet (TSE:CJT) had its target price decreased by National Bankshares from C$158.00 to C$151.00 in a research note released on Thursday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

CJT has been the topic of several other reports. ATB Capital reduced their price objective on Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. TD Securities reduced their price target on Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. CIBC raised their price target on Cargojet from C$172.00 to C$177.00 in a research report on Wednesday, December 4th. Scotiabank reduced their price target on Cargojet from C$174.00 to C$170.00 in a research report on Monday, January 20th. Finally, Canaccord Genuity Group raised their price target on Cargojet from C$160.00 to C$165.00 in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$160.50.

Cargojet Price Performance

Shares of Cargojet stock opened at C$123.75 on Thursday. The company has a current ratio of 0.59, a quick ratio of 0.79 and a debt-to-equity ratio of 99.84. The firm has a market capitalization of C$2.00 billion, a PE ratio of -130.26 and a beta of 0.91. The business’s 50-day moving average price is C$114.60 and its 200-day moving average price is C$125.09. Cargojet has a 12 month low of C$100.01 and a 12 month high of C$144.97.

Cargojet (TSE:CJT) last announced its quarterly earnings data on Monday, November 4th. The company reported C$1.48 EPS for the quarter, beating the consensus estimate of C$1.14 by C$0.34. Cargojet had a negative return on equity of 2.13% and a negative net margin of 1.88%. During the same quarter last year, the firm posted $0.30 EPS. Sell-side analysts forecast that Cargojet will post 5.890933 EPS for the current fiscal year.

Cargojet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.40 annualized dividend and a dividend yield of 1.13%. Cargojet’s dividend payout ratio (DPR) is presently -147.37%.

Cargojet Company Profile

Cargojet Inc operates a domestic air cargo co-load network between sixteen major Canadian cities. The company provides dedicated aircraft to customers on an Aircraft, Crew, Maintenance and Insurance basis, operating between points in Canada, USA, Mexico and Europe. The company also operates scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada, UK and Germany; and between Canada and Mexico.