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

Cargojet Inc. (TSE:CJTGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, 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.

Check Out Our Latest Report on CJT

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:CJTGet Free Report) 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

(Get Free Report

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.

Further Reading

Analyst Recommendations for Cargojet (TSE:CJT)

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