Cargojet (TSE:CJT – Free Report) had its target price upped by Canaccord Genuity Group from C$156.00 to C$160.00 in a report issued on Wednesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.
A number of other research analysts also recently issued reports on the company. TD Securities boosted their price objective on Cargojet from C$173.00 to C$176.00 in a research note on Thursday, August 15th. National Bankshares lifted their price objective on shares of Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Scotiabank cut shares of Cargojet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Acumen Capital upped their target price on Cargojet from C$175.00 to C$178.00 in a report on Thursday, August 15th. Finally, Royal Bank of Canada lifted their target price on Cargojet from C$182.00 to C$189.00 and gave the stock an “outperform” rating in a research note on Monday, July 8th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$160.27.
View Our Latest Analysis on CJT
Cargojet Stock Down 0.1 %
Cargojet (TSE:CJT – Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.10 by C($1.15). Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. The firm had revenue of C$230.80 million during the quarter, compared to analyst estimates of C$239.77 million. Analysts expect that Cargojet will post 5.890933 EPS for the current year.
Cargojet Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, October 4th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.04%. This is a positive change from Cargojet’s previous quarterly dividend of $0.32. The ex-dividend date 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.
See Also
- Five stocks we like better than Cargojet
- The Significance of Brokerage Rankings in Stock Selection
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Consumer Discretionary Stocks Explained
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- How to Most Effectively Use the MarketBeat Earnings Screener
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for Cargojet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cargojet and related companies with MarketBeat.com's FREE daily email newsletter.