Cargojet Inc. (TSE:CJT) Receives Consensus Rating of “Buy” from Brokerages

Cargojet Inc. (TSE:CJT) has received an average rating of “Buy” from the nine research firms that are presently covering the company, MarketBeat reports. Nine research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have covered the stock in the last year is C$124.18.

A number of research analysts have recently issued reports on CJT shares. Raymond James Financial boosted their price objective on Cargojet from C$95.00 to C$120.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Desjardins lifted their target price on Cargojet from C$117.00 to C$118.00 and gave the stock a “buy” rating in a report on Friday, December 12th. TD Securities cut their price target on Cargojet from C$160.00 to C$120.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. National Bank Financial lifted their price objective on shares of Cargojet from C$95.00 to C$108.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Finally, Royal Bank Of Canada dropped their target price on shares of 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.

Cargojet Trading Down 2.5%

CJT opened at C$91.19 on Wednesday. Cargojet has a twelve month low of C$65.60 and a twelve month high of C$113.89. The company has a fifty day moving average of C$90.76 and a 200-day moving average of C$88.89. The stock has a market cap of C$1.38 billion, a PE ratio of 11.59 and a beta of 0.82. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69.

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

Cargojet Dividend Announcement

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