Cargojet Inc. (TSE:CJT – Get Free Report) has received a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$148.18.
A number of brokerages have weighed in on CJT. TD Securities cut their target price on shares of Cargojet from C$170.00 to C$155.00 and set a “buy” rating for the company in a research report on Tuesday, January 16th. Royal Bank of Canada reduced their price objective on shares of Cargojet from C$187.00 to C$184.00 and set an “outperform” rating for the company in a research note on Tuesday, January 16th. Acumen Capital boosted their target price on shares of Cargojet from C$160.00 to C$165.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Cormark cut their price target on Cargojet from C$121.00 to C$120.00 in a report on Tuesday, February 27th. Finally, ATB Capital boosted their price objective on Cargojet from C$155.00 to C$160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th.
View Our Latest Analysis on Cargojet
Cargojet Trading Down 1.5 %
Cargojet (TSE:CJT – Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The company reported C($0.14) EPS for the quarter, missing analysts’ consensus estimates of C$0.88 by C($1.02). The firm had revenue of C$221.90 million for the quarter, compared to analysts’ expectations of C$250.58 million. Cargojet had a net margin of 4.25% and a return on equity of 4.62%. Sell-side analysts expect that Cargojet will post 3.6871632 earnings per share for the current year.
Cargojet Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Wednesday, March 20th were paid a $0.315 dividend. This is a positive change from Cargojet’s previous quarterly dividend of $0.03. This represents a $1.26 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Tuesday, March 19th. Cargojet’s dividend payout ratio is currently 57.80%.
Cargojet Company Profile
Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.
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