Brokerages Set Cargojet Inc. (TSE:CJT) Price Target at C$125.45

Shares of Cargojet Inc. (TSE:CJT) have been given an average rating of “Moderate Buy” by the ten research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$125.45.

A number of research analysts recently weighed in on CJT shares. Scotiabank dropped their price target 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. Raymond James Financial upped their price target on Cargojet from C$95.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Royal Bank Of Canada dropped their price target on 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. National Bank Financial upped their price target on Cargojet from C$95.00 to C$108.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Finally, Desjardins upped their price target on Cargojet from C$117.00 to C$126.00 in a research note on Thursday, February 26th.

Cargojet Stock Up 0.5%

CJT stock opened at C$83.93 on Thursday. The stock’s 50 day simple moving average is C$87.71 and its 200 day simple moving average is C$84.98. Cargojet has a fifty-two week low of C$65.60 and a fifty-two week high of C$113.89. The company has a debt-to-equity ratio of 155.48, a quick ratio of 0.79 and a current ratio of 1.23. The company has a market cap of C$1.25 billion, a P/E ratio of 16.02 and a beta of 0.86.

Cargojet (TSE:CJT) last posted its quarterly earnings results on Tuesday, February 24th. The company reported C$1.47 earnings per share for the quarter. Cargojet had a return on equity of 10.73% and a net margin of 8.08%.The business had revenue of C$284.70 million for the quarter. On average, research analysts expect that Cargojet will post 5.890933 earnings per share for the current fiscal year.

Cargojet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd were issued a dividend of $0.385 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $1.54 dividend on an annualized basis and a yield of 1.8%. This is an increase from Cargojet’s previous quarterly dividend of $0.35. Cargojet’s dividend payout ratio is presently 26.72%.

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.