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

Cargojet Inc. (TSE:CJT – Get Free Report) has earned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$124.58.

A number of brokerages have recently issued reports on CJT. Royal Bank Of Canada cut their price target on shares of Cargojet from C$143.00 to C$140.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Canadian Imperial Bank of Commerce increased their price target on shares of Cargojet from C$116.00 to C$122.00 in a report on Thursday, April 2nd. National Bank Financial increased their price target on shares of Cargojet from C$104.00 to C$108.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Stifel Nicolaus increased their price target on shares of Cargojet from C$100.00 to C$120.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Finally, TD increased their price target on shares of Cargojet from C$120.00 to C$124.00 and gave the company a “buy” rating in a report on Wednesday, May 6th.

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Cargojet Price Performance

Shares of Cargojet stock opened at C$82.90 on Monday. The company has a market cap of C$1.24 billion, a P/E ratio of 33.84 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 one year low of C$65.60 and a one year high of C$113.89. The firm has a fifty day moving average of C$82.66 and a two-hundred day moving average of C$84.46.

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

Cargojet Increases Dividend

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

Cargojet Company Profile

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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.

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