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

Cargojet Inc. (TSE:CJT) has received a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$124.58.

A number of research firms have weighed in on CJT. Stifel Nicolaus boosted their price objective on Cargojet from C$100.00 to C$120.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. National Bank Financial boosted their price objective on Cargojet from C$104.00 to C$108.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Canadian Imperial Bank of Commerce boosted their price objective on Cargojet from C$116.00 to C$122.00 in a research note on Thursday, April 2nd. Desjardins boosted their price objective on Cargojet from C$117.00 to C$126.00 in a research note on Thursday, February 26th. Finally, Scotiabank lowered their price objective on Cargojet from C$118.00 to C$115.00 and set an “outperform” rating on the stock in a research note on Thursday, April 9th.

Cargojet Stock Performance

TSE CJT opened at C$82.56 on Friday. The stock’s fifty day moving average is C$82.29 and its two-hundred day moving average is C$85.44. The firm has a market capitalization of C$1.23 billion, a P/E ratio of 33.70 and a beta of 0.87. The company has a debt-to-equity ratio of 123.57, a quick ratio of 0.79 and a current ratio of 0.91. Cargojet has a fifty-two week low of C$65.60 and a fifty-two week high of C$113.89.

Cargojet (TSE:CJT) last released its quarterly earnings data on Monday, May 4th. The company reported C$0.60 earnings per share for the quarter. The company had revenue of C$254.70 million for the quarter. Cargojet had a return on equity of 4.92% and a net margin of 3.64%. On average, research analysts anticipate that Cargojet will post 5.890933 earnings per share for the current year.

Cargojet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd were paid a $0.385 dividend. This is a boost from Cargojet’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, March 20th. This represents a $1.54 annualized dividend and a dividend yield of 1.9%. Cargojet’s dividend payout ratio is currently 58.57%.

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.