Cargojet Inc. (TSE:CJT) Receives C$127.62 Average PT from Analysts

Shares of Cargojet Inc. (TSE:CJT) have received a consensus rating of “Buy” from the nine research firms that are currently covering the firm, MarketBeat reports. Nine analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$127.62.

CJT has been the subject of a number of recent analyst reports. Desjardins boosted their target price on shares of Cargojet from C$117.00 to C$118.00 and gave the company a “buy” rating in a research note on Friday, December 12th. National Bankshares boosted 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 report on Friday, January 23rd. Raymond James Financial raised their target price on shares of Cargojet from C$95.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. CIBC lowered their price target on Cargojet from C$142.00 to C$132.00 in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada dropped their price objective on Cargojet from C$151.00 to C$143.00 and set an “outperform” rating on the stock in a research note on Monday, December 22nd.

Cargojet Trading Up 0.7%

CJT opened at C$96.02 on Friday. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56. The stock’s 50 day moving average price is C$86.05 and its 200-day moving average price is C$89.43. Cargojet has a one year low of C$65.60 and a one year high of C$118.28. The stock has a market cap of C$1.45 billion, a price-to-earnings ratio of 12.20 and a beta of 0.82.

Cargojet (TSE:CJT) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.32 earnings per share (EPS) for the quarter. The firm 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%. On average, equities analysts forecast that Cargojet will post 5.890933 EPS for the current year.

Cargojet Dividend Announcement

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