Cargojet Inc. (TSE:CJT) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Cargojet Inc. (TSE:CJT) have earned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$124.58.

Several analysts recently issued reports on CJT shares. National Bank Financial boosted their target price on shares of Cargojet from C$104.00 to C$108.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. TD increased their price target on shares of Cargojet from C$120.00 to C$124.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada dropped their price target on shares of Cargojet from C$143.00 to C$140.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. BMO Capital Markets cut their price objective on shares of Cargojet from C$94.00 to C$85.00 and set a “market perform” rating for the company in a research report on Wednesday, May 6th. Finally, Scotiabank reduced their price objective on Cargojet from C$118.00 to C$115.00 and set an “outperform” rating for the company in a research note on Thursday, April 9th.

Cargojet Stock Up 1.8%

CJT stock opened at C$86.87 on Tuesday. The company has a market cap of C$1.30 billion, a price-to-earnings ratio of 35.46 and a beta of 0.97. The company has a debt-to-equity ratio of 123.57, a quick ratio of 0.79 and a current ratio of 0.91. The business’s 50-day moving average is C$82.60 and its two-hundred day moving average is C$86.10. Cargojet has a fifty-two week low of C$65.60 and a fifty-two week high of C$111.53.

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

Cargojet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, July 6th will be given a $0.385 dividend. The ex-dividend date is Friday, June 19th. This represents a $1.54 dividend on an annualized basis and a yield of 1.8%. Cargojet’s dividend payout ratio is presently 58.57%.

Cargojet Company Profile

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.