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

Cargojet Inc. (TSE:CJT) has been assigned a consensus rating of “Buy” from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$128.15.

Several brokerages recently weighed in on CJT. Desjardins raised their price objective on shares of Cargojet from C$117.00 to C$118.00 and gave the company a “buy” rating in a research report on Friday, December 12th. TD Securities dropped their price target on shares of Cargojet from C$160.00 to C$120.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Raymond James Financial cut their price target on shares of Cargojet from C$132.00 to C$95.00 in a report on Monday, November 10th. National Bankshares reduced their price objective on shares of Cargojet from C$123.00 to C$120.00 and set an “outperform” rating for the company in a research note on Wednesday, October 15th. Finally, Stifel Nicolaus decreased their price objective on shares of Cargojet from C$120.00 to C$100.00 in a report on Monday, November 10th.

Cargojet Stock Performance

Shares of TSE CJT opened at C$90.40 on Tuesday. The business’s 50-day moving average price is C$79.14 and its two-hundred day moving average price is C$90.52. The company has a debt-to-equity ratio of 98.69, a current ratio of 0.56 and a quick ratio of 0.79. Cargojet has a one year low of C$65.60 and a one year high of C$128.19. The company has a market capitalization of C$1.36 billion, a P/E ratio of 11.49 and a beta of 0.79.

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

Cargojet Announces Dividend

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

Cargojet Company Profile

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.