Cargojet (CJT) PT Raised to C$62.00 at CIBC

Cargojet (TSE:CJT) had its price target upped by CIBC from C$60.00 to C$62.00 in a research report sent to investors on Thursday morning.

Other equities analysts have also recently issued reports about the company. Acumen Capital increased their target price on Cargojet from C$56.00 to C$60.00 in a research note on Tuesday, November 14th. Royal Bank of Canada increased their target price on Cargojet from C$57.00 to C$60.00 and gave the company an outperform rating in a research note on Tuesday, November 14th. Finally, National Bank Financial increased their target price on Cargojet from C$53.00 to C$55.00 and gave the company a sector perform rating in a research note on Tuesday, November 14th.

Cargojet (CJT) opened at C$58.94 on Thursday. The company has a market capitalization of $784.09, a P/E ratio of 61.40 and a beta of 1.42. Cargojet has a one year low of C$42.72 and a one year high of C$59.56.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Wednesday, December 20th were paid a dividend of $0.192 per share. This represents a $0.77 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Tuesday, December 19th. Cargojet’s dividend payout ratio (DPR) is presently 78.39%.

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Cargojet Company Profile

Cargojet Inc is a provider of time sensitive overnight air cargo services. The Company’s cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations.

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