Cargojet (TSE:CJT) Price Target Raised to C$120.00 at Stifel Nicolaus

Cargojet (TSE:CJT) had its price objective raised by Stifel Nicolaus from C$100.00 to C$120.00 in a report published on Thursday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Other analysts have also issued reports about the company. Canadian Imperial Bank of Commerce lifted their price objective on Cargojet from C$106.00 to C$116.00 in a research report on Thursday. Royal Bank Of Canada lowered their price target on shares of Cargojet from C$151.00 to C$143.00 and set an “outperform” rating for the company in a research report on Monday, December 22nd. Desjardins boosted their price target on shares of Cargojet from C$117.00 to C$118.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Scotiabank increased their price objective on shares of Cargojet from C$115.00 to C$118.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Raymond James Financial lifted their target price on shares of Cargojet from C$95.00 to C$120.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$125.45.

Cargojet Stock Up 6.3%

TSE:CJT opened at C$98.18 on Thursday. The company has a market cap of C$1.48 billion, a price-to-earnings ratio of 12.48 and a beta of 0.82. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56. The stock’s fifty day moving average price is C$91.34 and its two-hundred day moving average price is C$88.98. Cargojet has a 52-week low of C$65.60 and a 52-week high of C$113.89.

Cargojet (TSE:CJT) last released its earnings results on Tuesday, February 24th. The company reported C$1.47 EPS for the quarter. The company had revenue of C$284.70 million during the quarter. Cargojet had a return on equity of 0.31% and a net margin of 0.25%. On average, analysts anticipate that Cargojet will post 5.890933 EPS for the current year.

Cargojet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Monday, January 5th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, December 19th. Cargojet’s dividend payout ratio is presently 17.79%.

Key Stories Impacting Cargojet

Here are the key news stories impacting Cargojet this week:

• Positive Sentiment: Multiple analysts raised price targets and ratings, boosting upside expectations — Desjardins raised its target to C$126 (from C$117), Stifel Nicolaus to C$120 (from C$100) and Scotiabank to C$118 (from C$115). These moves increase analyst-implied upside and likely underpin buying interest. BayStreet.CA TickerReport
• Positive Sentiment: Canadian Imperial Bank of Commerce also lifted its target to C$116 (from C$106), adding to the cluster of above-current-price estimates that support further gains. BayStreet.CA
• Positive Sentiment: Broker consensus is favorable: coverage summary notes an average “Buy” from brokerages, which can attract momentum buying and fund interest. AmericanBankingNews
• Neutral Sentiment: Q4 results and commentary released this week provide the fundamental backdrop — management reported quarterly EPS and revenue (see the release and earnings-call transcript for detail), which appear broadly consistent with analyst optimism. Yahoo Finance: Q4 Results Earnings Call Transcript
• Neutral Sentiment: Market/technical context: volume is above average and the stock sits above its 50- and 200-day moving averages, supporting momentum—but valuation metrics (P/E ~12.5) and thin liquidity should be considered. (See exchange data and charts for specifics.)
• Negative Sentiment: BMO raised its target only to C$94 (from C$90) and retains a “market perform” stance, implying limited upside and showing not all brokers are convinced—this provides a counterpoint that could cap gains. BayStreet.CA

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.