National Bank Financial Reiterates “C$112.00” Price Target for Cargojet (TSE:CJT)

National Bank Financial set a C$112.00 price objective on Cargojet (TSE:CJT) in a research note issued to investors on Friday morning,BayStreet reports. The firm currently has an outperform rating on the stock.

Other research analysts have also recently issued reports about the company. TD set a C$128.00 target price on Cargojet and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets boosted their price target on Cargojet from C$85.00 to C$90.00 in a research note on Wednesday, August 12th. Scotiabank upped their price target on shares of Cargojet from C$120.00 to C$125.00 and gave the company a “sector outperform” rating in a research report on Wednesday, August 12th. Acumen Capital increased their price objective on shares of Cargojet from C$115.00 to C$120.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Finally, ATB Cormark Capital Markets raised their price objective on shares of Cargojet from C$110.00 to C$120.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$121.00.

Cargojet Price Performance

TSE CJT opened at C$91.06 on Friday. The stock has a market capitalization of C$1.35 billion, a price-to-earnings ratio of 29.47 and a beta of 1.03. Cargojet has a 1-year low of C$65.60 and a 1-year high of C$100.87. The company has a debt-to-equity ratio of 119.27, a current ratio of 0.83 and a quick ratio of 0.79. The business’s fifty day moving average price is C$85.17 and its 200-day moving average price is C$83.82.

Cargojet (TSE:CJT) last issued its quarterly earnings data on Monday, August 10th. The company reported C$0.47 EPS for the quarter. The company had revenue of C$275.80 million during the quarter. Cargojet had a return on equity of 6.30% and a net margin of 4.49%. On average, equities analysts predict that Cargojet will post 5.890933 earnings per share for the current year.

Cargojet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Monday, October 5th will be paid a $0.3850 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.7%. Cargojet’s dividend payout ratio is 47.57%.

About Cargojet

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 aircraft.