Cargojet Inc. (TSE:CJT) Receives C$162.80 Consensus Target Price from Analysts

Shares of Cargojet Inc. (TSE:CJT) have been given a consensus recommendation of “Buy” by the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$162.80.

Several analysts have weighed in on the company. Scotiabank cut their target price on Cargojet from C$170.00 to C$165.00 in a research note on Wednesday, February 19th. Cormark dropped their price objective on Cargojet from C$140.00 to C$120.00 in a research note on Wednesday, February 19th. National Bankshares dropped their price objective on Cargojet from C$158.00 to C$151.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Canaccord Genuity Group boosted their price objective on Cargojet from C$165.00 to C$173.00 in a research note on Wednesday, February 19th. Finally, CIBC dropped their price objective on Cargojet from C$177.00 to C$163.00 in a research note on Wednesday, February 19th.

Cargojet Trading Up 4.2 %

TSE:CJT opened at C$87.46 on Wednesday. Cargojet has a 12-month low of C$82.85 and a 12-month high of C$144.97. The firm has a market capitalization of C$1.40 billion, a P/E ratio of 613.80 and a beta of 0.91. The company has a debt-to-equity ratio of 98.69, a current ratio of 0.56 and a quick ratio of 0.79. The business has a 50 day simple moving average of C$108.81 and a 200 day simple moving average of C$119.89.

Cargojet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, April 4th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Thursday, March 20th. Cargojet’s payout ratio is 982.53%.

About Cargojet

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.