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

Shares of Cargojet Inc. (TSE:CJT) have earned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$158.45.

CJT has been the topic of a number of recent research reports. TD Securities reduced their price target on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Cormark reduced their target price on shares of Cargojet from C$140.00 to C$120.00 in a research report on Wednesday. National Bankshares reduced their target price on shares of Cargojet from C$158.00 to C$151.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Canaccord Genuity Group boosted their target price on shares of Cargojet from C$165.00 to C$173.00 in a research report on Wednesday. Finally, Royal Bank of Canada boosted their target price on shares of Cargojet from C$189.00 to C$193.00 in a research report on Wednesday.

Cargojet Trading Down 3.6 %

Shares of CJT stock opened at C$107.40 on Friday. The stock has a market cap of C$1.72 billion, a price-to-earnings ratio of 753.74 and a beta of 0.91. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69. Cargojet has a fifty-two week low of C$100.01 and a fifty-two week high of C$144.97. The firm’s 50 day moving average price is C$112.89 and its two-hundred day moving average price is C$123.23.

Cargojet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were issued a $0.35 dividend. The ex-dividend date was Friday, December 20th. This represents a $1.40 annualized dividend and a yield of 1.30%. Cargojet’s dividend payout ratio is presently 982.53%.

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.