Cargojet Inc. (TSE:CJT) Receives C$161.20 Consensus PT from Analysts

Cargojet Inc. (TSE:CJT) has received an average rating of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$160.50.

A number of equities analysts have recently commented on the company. ATB Capital lowered their price target on Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. Canaccord Genuity Group boosted their target price on Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th. TD Securities reduced their price target on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. CIBC upped their price objective on shares of Cargojet from C$172.00 to C$177.00 in a research report on Wednesday, December 4th. Finally, National Bankshares cut their target price on shares of Cargojet from C$158.00 to C$151.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st.

Cargojet Stock Up 0.5 %

TSE CJT opened at C$123.48 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.79 and a debt-to-equity ratio of 99.84. The company has a market cap of C$1.99 billion, a price-to-earnings ratio of -129.98 and a beta of 0.91. The company has a 50 day moving average of C$114.64 and a 200-day moving average of C$125.33. Cargojet has a 1-year low of C$100.01 and a 1-year high of C$144.97.

Cargojet (TSE:CJT) last announced its quarterly earnings data on Monday, November 4th. The company reported C$1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.14 by C$0.34. Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. During the same quarter in the prior year, the business earned $0.30 EPS. On average, equities research analysts expect that Cargojet will post 5.890933 earnings per share for the current fiscal year.

Cargojet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, December 20th. Cargojet’s payout ratio is currently -147.37%.

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.