Cargojet (TSE:CJT – Free Report) had its target price trimmed by TD Securities from C$176.00 to C$167.00 in a research note published on Wednesday,BayStreet.CA reports.
Several other research analysts have also recently issued reports on CJT. Scotiabank cut shares of Cargojet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Canaccord Genuity Group increased their target price on Cargojet from C$156.00 to C$160.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. ATB Capital lifted their price target on Cargojet from C$160.00 to C$165.00 in a research note on Thursday, August 15th. National Bankshares upped their price objective on Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, Acumen Capital raised 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$159.00.
Cargojet Trading Up 0.7 %
Cargojet (TSE:CJT – Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of C$1.10 by C($1.15). The firm had revenue of C$230.80 million during the quarter, compared to analysts’ expectations of C$239.77 million. Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. Equities analysts anticipate that Cargojet will post 5.890933 EPS for the current year.
Cargojet Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, October 4th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.01%. This is a boost from Cargojet’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, September 20th. Cargojet’s dividend payout ratio is presently -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.
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