Cargojet Inc. (TSE:CJT) Receives C$146.77 Consensus PT from Brokerages

Cargojet Inc. (TSE:CJT) has been given a consensus rating of “Buy” by the eleven analysts that are presently covering the stock, MarketBeat reports. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$146.57.

A number of brokerages have issued reports on CJT. Scotiabank cut their target price on Cargojet from C$140.00 to C$135.00 in a research report on Friday. Stifel Canada raised shares of Cargojet to a “strong-buy” rating in a report on Wednesday, June 11th. Acumen Capital decreased their price objective on shares of Cargojet from C$175.00 to C$170.00 and set a “buy” rating for the company in a report on Monday, August 11th. ATB Capital reduced their price target on shares of Cargojet from C$155.00 to C$145.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Finally, Stifel Nicolaus increased their price target on shares of Cargojet from C$125.00 to C$130.00 and gave the stock a “buy” rating in a research report on Monday, August 11th.

Cargojet Trading Up 0.7%

Shares of CJT opened at C$93.45 on Friday. The company has a market capitalization of C$1.41 billion, a P/E ratio of 10.36 and a beta of 1.26. Cargojet has a one year low of C$69.60 and a one year high of C$144.97. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56. The stock has a 50-day moving average price of C$99.47 and a 200 day moving average price of C$93.75.

Cargojet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 19th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. Cargojet’s dividend payout ratio (DPR) is 15.52%.

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.