Analysts Set Cargojet Inc. (TSE:CJT) Target Price at C$143.07

Cargojet Inc. (TSE:CJT) has been assigned an average rating of “Buy” from the ten research firms that are covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$143.07.

Several analysts have recently commented on CJT shares. Raymond James Financial set a C$132.00 target price on Cargojet and gave the company an “outperform” rating in a research note on Friday, September 5th. TD Securities raised their target price on Cargojet from C$150.00 to C$160.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Desjardins set a C$149.00 target price on Cargojet and gave the company a “buy” rating in a research note on Wednesday, October 1st. ATB Capital reduced their target price on Cargojet from C$155.00 to C$145.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Finally, Stifel Nicolaus lifted their price target on Cargojet from C$125.00 to C$130.00 and gave the company a “buy” rating in a research note on Monday, August 11th.

Cargojet Stock Performance

Shares of CJT opened at C$82.45 on Thursday. 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 stock has a 50-day moving average of C$94.60 and a 200-day moving average of C$94.03. The company has a market cap of C$1.24 billion, a PE ratio of 9.14 and a beta of 0.99. Cargojet has a one year low of C$69.60 and a one year high of C$144.97.

Cargojet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 19th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.7%. Cargojet’s payout ratio 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.