TD Securities Has Lowered Expectations for Cargojet (TSE:CJT) Stock Price

Cargojet (TSE:CJT) had its target price trimmed by TD Securities from C$167.00 to C$165.00 in a research note published on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

CJT has been the topic of several other reports. National Bankshares boosted their price objective on shares of Cargojet from C$154.00 to C$158.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Canaccord Genuity Group increased their price target on shares of Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. Acumen Capital raised their price objective on shares of Cargojet from C$175.00 to C$178.00 in a research report on Thursday, August 15th. ATB Capital dropped their target price on Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. Finally, Cormark raised their price target on Cargojet from C$135.00 to C$140.00 in a report on Thursday, August 15th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$158.82.

Cargojet Trading Up 0.5 %

Shares of CJT stock opened at C$123.15 on Thursday. The company has a market capitalization of C$1.99 billion, a P/E ratio of -129.63 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 business’s 50 day moving average is C$133.94 and its two-hundred day moving average is C$128.33. Cargojet has a twelve month low of C$93.55 and a twelve month high of C$144.97.

Cargojet Increases Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, September 20th. This is a boost from Cargojet’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.14%. Cargojet’s payout ratio is currently -147.37%.

About Cargojet

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.