Cargojet Inc. (TSE:CJT) Stock Has Average Price Target of C$121.00 According to Brokerages

Shares of Cargojet Inc. (TSE:CJT) have earned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$121.00.

Several brokerages have commented on CJT. National Bank Financial set a C$112.00 price target on Cargojet and gave the stock an “outperform” rating in a research report on Friday, October 2nd. Desjardins increased their price objective on Cargojet from C$126.00 to C$135.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. BMO Capital Markets raised their price objective on shares of Cargojet from C$85.00 to C$90.00 in a research note on Wednesday, August 12th. ATB Cormark Capital Markets boosted their target price on shares of Cargojet from C$110.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Finally, Scotiabank upped their target price on shares of Cargojet from C$120.00 to C$125.00 and gave the company a “sector outperform” rating in a research note on Wednesday, August 12th.

Cargojet Trading Up 3.3%

Shares of TSE:CJT opened at C$97.05 on Monday. The company has a market cap of C$1.44 billion, a P/E ratio of 31.41 and a beta of 0.91. The stock’s 50-day moving average is C$85.04 and its 200-day moving average is C$86.09. Cargojet has a 52-week low of C$65.60 and a 52-week high of C$100.87. The company has a debt-to-equity ratio of 119.27, a quick ratio of 0.79 and a current ratio of 0.83.

Cargojet (TSE:CJT) last posted its quarterly earnings data on Monday, August 10th. The company reported C$0.67 earnings per share for the quarter. Cargojet had a return on equity of 6.30% and a net margin of 4.49%. The business had revenue of C$275.80 million during the quarter. Equities research analysts predict that Cargojet will post 5.89 earnings per share for the current year.

Cargojet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Monday, October 5th were given a $0.3850 dividend. This represents a $1.54 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, September 18th. Cargojet’s dividend payout ratio (DPR) is currently 47.57%.

About Cargojet

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 aircraft.