Cargojet Inc. (TSE:CJT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Cargojet Inc. (TSE:CJT) have earned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$124.17.

A number of analysts recently commented on the company. Royal Bank Of Canada lowered their price objective on Cargojet from C$143.00 to C$140.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. National Bank Financial upped their target price on shares of Cargojet from C$108.00 to C$109.00 and gave the company an “outperform” rating in a research report on Tuesday, July 14th. BMO Capital Markets reduced their target price on shares of Cargojet from C$94.00 to C$85.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 6th. Scotiabank lowered their price target on shares of Cargojet from C$118.00 to C$115.00 and set an “outperform” rating for the company in a research report on Thursday, April 9th. Finally, TD lowered their price target on shares of Cargojet from C$124.00 to C$118.00 in a research report on Wednesday, July 15th.

Cargojet Stock Down 0.3%

Shares of CJT opened at C$84.49 on Friday. The business’s fifty day moving average price is C$84.47 and its two-hundred day moving average price is C$86.38. The firm has a market capitalization of C$1.26 billion, a price-to-earnings ratio of 34.49 and a beta of 1.02. Cargojet has a 52 week low of C$65.60 and a 52 week high of C$105.26. The company has a debt-to-equity ratio of 123.57, a quick ratio of 0.79 and a current ratio of 0.91.

Cargojet (TSE:CJT) last released its earnings results on Monday, May 4th. The company reported C$0.60 earnings per share for the quarter. Cargojet had a return on equity of 4.92% and a net margin of 3.64%.The company had revenue of C$254.70 million during the quarter. On average, analysts predict that Cargojet will post 5.890933 earnings per share for the current year.

Cargojet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, July 6th were paid a $0.385 dividend. The ex-dividend date of this dividend was Friday, June 19th. This represents a $1.54 dividend on an annualized basis and a yield of 1.8%. Cargojet’s dividend payout ratio (DPR) is presently 58.57%.

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.