Cargojet Inc. (TSE:CJT – Get Free Report) has been given an average rating of “Moderate Buy” by the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$156.73.
A number of brokerages have issued reports on CJT. National Bank Financial raised Cargojet from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 13th. TD Securities increased their price target on shares of Cargojet from C$162.00 to C$173.00 in a research note on Wednesday, June 12th. Canaccord Genuity Group boosted their price objective on shares of Cargojet from C$150.00 to C$156.00 in a research report on Wednesday, July 24th. Acumen Capital increased their target price on shares of Cargojet from C$165.00 to C$175.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Finally, National Bankshares raised shares of Cargojet from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$132.00 to C$154.00 in a research report on Friday, June 14th.
Read Our Latest Stock Analysis on Cargojet
Insider Transactions at Cargojet
Cargojet Stock Performance
Shares of CJT opened at C$120.03 on Tuesday. Cargojet has a 1 year low of C$76.50 and a 1 year high of C$143.64. The stock has a market capitalization of C$1.98 billion, a PE ratio of 51.29 and a beta of 1.00. The company has a debt-to-equity ratio of 85.77, a quick ratio of 0.79 and a current ratio of 0.96. The stock has a 50-day simple moving average of C$127.27 and a 200-day simple moving average of C$119.86.
Cargojet Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, July 5th were issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, June 20th. Cargojet’s payout ratio is currently 53.85%.
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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