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

Cargojet Inc. (TSE:CJT) has been given a consensus recommendation of “Moderate Buy” by the ten analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$121.09.

CJT has been the subject of a number of research reports. TD set a C$128.00 price target on shares of Cargojet and gave the stock a “buy” rating in a research report on Friday, October 2nd. ATB Cormark Capital Markets upped their price target on Cargojet from C$110.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Desjardins upped their price target on shares of Cargojet from C$126.00 to C$135.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. National Bank Financial set a C$112.00 price objective on Cargojet and gave the stock an “outperform” rating in a research note on Friday, October 2nd. Finally, BMO Capital Markets raised their price objective on Cargojet from C$85.00 to C$90.00 in a research note on Wednesday, August 12th.

Cargojet Price Performance

Cargojet stock opened at C$95.12 on Monday. The company’s 50 day moving average price is C$85.45 and its two-hundred day moving average price is C$86.13. The stock has a market cap of C$1.41 billion, a P/E ratio of 30.78 and a beta of 0.72. Cargojet has a 52 week low of C$65.60 and a 52 week high of C$100.87. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 119.27.

Cargojet (TSE:CJT) last issued its earnings results on Monday, August 10th. The company reported C$0.67 earnings per share (EPS) for the quarter. The company had revenue of C$275.80 million for the quarter. Cargojet had a net margin of 4.49% and a return on equity of 6.30%. On average, equities analysts predict that Cargojet will post 5.89 earnings per share for the current year.

Cargojet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Monday, October 5th were given a dividend of $0.3850 per share. This represents a $1.54 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, September 18th. Cargojet’s dividend payout ratio is presently 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.