Cargojet Inc. (TSE:CJT) Receives C$124.58 Average Price Target from Brokerages

Shares of Cargojet Inc. (TSE:CJT) have been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$124.58.

CJT has been the subject of several analyst reports. Desjardins increased their price target on shares of Cargojet from C$117.00 to C$126.00 in a research report on Thursday, February 26th. National Bank Financial raised their price target on Cargojet from C$104.00 to C$108.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada dropped their price target on Cargojet from C$143.00 to C$140.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. BMO Capital Markets dropped their price target on Cargojet from C$94.00 to C$85.00 and set a “market perform” rating for the company in a research note on Wednesday, May 6th. Finally, Canadian Imperial Bank of Commerce raised their price target on Cargojet from C$116.00 to C$122.00 in a research note on Thursday, April 2nd.

Cargojet Stock Performance

TSE CJT opened at C$82.03 on Friday. The company has a 50-day simple moving average of C$82.39 and a two-hundred day simple moving average of C$85.74. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 123.57. Cargojet has a 12-month low of C$65.60 and a 12-month high of C$113.89. The firm has a market cap of C$1.22 billion, a price-to-earnings ratio of 33.48 and a beta of 0.97.

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

Cargojet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, July 6th will be paid a $0.385 dividend. The ex-dividend date of this dividend is Friday, June 19th. This represents a $1.54 dividend on an annualized basis and a yield of 1.9%. 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.