Cargojet Inc. (TSE:CJT) Receives Average Rating of “Buy” from Analysts

Cargojet Inc. (TSE:CJT) has earned an average rating of “Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$127.62.

Several equities research analysts have commented on the company. Royal Bank Of Canada lowered their price objective on Cargojet from C$151.00 to C$143.00 and set an “outperform” rating on the stock in a research report on Monday, December 22nd. National Bankshares raised their price target on shares of Cargojet from C$95.00 to C$108.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Scotiabank upped their price objective on shares of Cargojet from C$105.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Stifel Nicolaus reduced their price target on Cargojet from C$120.00 to C$100.00 in a report on Monday, November 10th. Finally, Raymond James Financial increased their price target on Cargojet from C$95.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd.

Cargojet Trading Down 1.8%

TSE CJT opened at C$92.96 on Friday. Cargojet has a 1 year low of C$65.60 and a 1 year high of C$124.14. The company has a debt-to-equity ratio of 98.69, a current ratio of 0.56 and a quick ratio of 0.79. The company has a market capitalization of C$1.40 billion, a PE ratio of 11.81 and a beta of 0.79. The company has a fifty day moving average of C$85.05 and a 200 day moving average of C$89.68.

Cargojet (TSE:CJT) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.32 earnings per share for the quarter. Cargojet had a return on equity of 0.31% and a net margin of 0.25%.The business had revenue of C$219.90 million during the quarter. Research analysts forecast that Cargojet will post 5.890933 earnings per share for the current year.

Cargojet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Monday, January 5th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, December 19th. Cargojet’s payout ratio is presently 17.79%.

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.