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

Cargojet Inc. (TSE:CJTGet Free Report) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$120.92.

Several equities research analysts have recently issued reports on the stock. Desjardins lifted their price objective on shares of Cargojet from C$126.00 to C$135.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. National Bank Financial raised their price target on Cargojet from C$109.00 to C$112.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Scotiabank lifted their price target on Cargojet from C$120.00 to C$125.00 and gave the stock a “sector outperform” rating in a report on Wednesday, August 12th. ATB Cormark Capital Markets increased their price objective on Cargojet from C$110.00 to C$120.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Finally, Acumen Capital raised their target price on Cargojet from C$115.00 to C$120.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th.

View Our Latest Stock Report on Cargojet

Cargojet Stock Up 1.2%

CJT stock opened at C$85.89 on Wednesday. The company’s 50 day moving average price is C$85.88 and its 200 day moving average price is C$85.79. The firm has a market capitalization of C$1.27 billion, a price-to-earnings ratio of 27.80 and a beta of 1.02. Cargojet has a fifty-two week low of C$65.60 and a fifty-two week high of C$104.49. The company has a debt-to-equity ratio of 119.27, a quick ratio of 0.79 and a current ratio of 0.83.

Cargojet (TSE:CJTGet Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported C$0.47 earnings per share (EPS) for the quarter. Cargojet had a net margin of 4.49% and a return on equity of 6.30%. The company had revenue of C$275.80 million during the quarter. On average, equities research analysts anticipate that Cargojet will post 5.890933 EPS for the current fiscal year.

Cargojet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, July 6th were issued a dividend of $0.385 per share. The ex-dividend date of this dividend was Friday, June 19th. This represents a $1.54 dividend on an annualized basis and a yield of 1.8%. Cargojet’s dividend payout ratio (DPR) is presently 47.57%.

About Cargojet

(Get Free Report)

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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Analyst Recommendations for Cargojet (TSE:CJT)

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