Cargojet Inc. (TSE:CJT) Given Consensus Rating of “Moderate Buy” by Brokerages

Cargojet Inc. (TSE:CJT) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$145.55.

Several brokerages have recently issued reports on CJT. CIBC reduced their price target on shares of Cargojet from C$164.00 to C$154.00 in a research report on Tuesday, August 15th. National Bankshares lifted their price target on shares of Cargojet from C$117.00 to C$119.00 in a research note on Tuesday, August 15th. BMO Capital Markets decreased their price target on shares of Cargojet from C$115.00 to C$110.00 in a research note on Tuesday, June 13th. Finally, Royal Bank of Canada decreased their price target on shares of Cargojet from C$202.00 to C$197.00 and set an “outperform” rating for the company in a research note on Tuesday, August 15th.

Cargojet Trading Up 1.0 %

Shares of CJT stock opened at C$97.17 on Friday. The company has a debt-to-equity ratio of 82.01, a current ratio of 0.73 and a quick ratio of 0.79. The firm has a market cap of C$1.67 billion, a PE ratio of 12.27 and a beta of 0.87. The company has a 50-day moving average of C$96.48 and a two-hundred day moving average of C$103.32. Cargojet has a 1-year low of C$88.84 and a 1-year high of C$143.61.

Cargojet (TSE:CJT) last announced its earnings results on Monday, August 14th. The company reported C$0.91 earnings per share for the quarter, missing the consensus estimate of C$1.10 by C($0.19). The company had revenue of C$209.70 million for the quarter, compared to analysts’ expectations of C$229.40 million. Cargojet had a return on equity of 18.01% and a net margin of 15.69%. On average, analysts predict that Cargojet will post 4.8435208 EPS for the current year.

Cargojet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Wednesday, July 5th were given a $0.286 dividend. The ex-dividend date was Monday, June 19th. This represents a $1.14 annualized dividend and a dividend yield of 1.18%. Cargojet’s dividend payout ratio is presently 14.39%.

Cargojet Company Profile

Cargojet Inc provides time sensitive overnight air cargo services 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.