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

Cargojet (TSE:CJT) had its price objective decreased by National Bankshares from C$158.00 to C$151.00 in a research report report published on Tuesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on the company. ATB Capital decreased their target price on Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. TD Securities dropped their price objective on shares of 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. Canaccord Genuity Group raised their target price on shares of Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th. Scotiabank decreased their price target on shares of Cargojet from C$174.00 to C$170.00 in a research note on Monday. Finally, CIBC raised their price objective on shares of Cargojet from C$172.00 to C$177.00 in a research report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$160.50.

Cargojet Stock Performance

TSE CJT opened at C$122.82 on Tuesday. The firm has a market capitalization of C$1.98 billion, a P/E ratio of -129.28 and a beta of 0.91. 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’s fifty day moving average price is C$114.89 and its two-hundred day moving average price is C$125.64. Cargojet has a 1 year low of C$100.01 and a 1 year high of C$144.97.

Cargojet (TSE:CJT) last issued its earnings results on Monday, November 4th. The company reported C$1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.14 by C$0.34. Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. During the same period in the prior year, the company posted $0.30 earnings per share. As a group, research analysts anticipate that Cargojet will post 5.890933 EPS for the current year.

Cargojet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Friday, December 20th. Cargojet’s dividend payout ratio is currently -147.37%.

About Cargojet

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.