Cargojet Inc. (TSE:CJT) Stock Has Average Price Target of C$121.00

Shares of Cargojet Inc. (TSE:CJT – Get Free Report) have earned an average rating of “Moderate Buy” from the eleven analysts that are covering the company, Marketbeat Ratings reports. One 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 brokerages that have covered the stock in the last year is C$121.00.

CJT has been the subject of several research reports. Desjardins raised their target price on Cargojet from C$126.00 to C$135.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Acumen Capital boosted their price target on shares of Cargojet from C$115.00 to C$120.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. ATB Cormark Capital Markets upped their price target on shares of Cargojet from C$110.00 to C$120.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. BMO Capital Markets raised their price objective on shares of Cargojet from C$85.00 to C$90.00 in a research report on Wednesday, August 12th. Finally, National Bank Financial set a C$112.00 price objective on shares of Cargojet and gave the company an “outperform” rating in a research report on Friday, October 2nd.

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Cargojet Stock Performance

CJT opened at C$87.10 on Thursday. The business has a 50 day moving average price of C$85.39 and a two-hundred day moving average price of C$83.94. The company has a debt-to-equity ratio of 119.27, a current ratio of 0.83 and a quick ratio of 0.79. The company has a market capitalization of C$1.29 billion, a price-to-earnings ratio of 28.19 and a beta of 0.91. Cargojet has a 1-year low of C$65.60 and a 1-year high of C$100.87.

Cargojet (TSE:CJT – Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported C$0.67 earnings per share (EPS) for the quarter. Cargojet had a return on equity of 6.30% and a net margin of 4.49%. The company had revenue of C$275.80 million for the quarter. Research analysts predict that Cargojet will post 5.89 EPS for the current fiscal year.

Cargojet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Monday, October 5th were paid a dividend of $0.3850 per share. The ex-dividend date of this dividend was Friday, September 18th. This represents a $1.54 annualized dividend and a yield of 1.8%. Cargojet’s dividend payout ratio is currently 47.57%.

About Cargojet

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Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 aircraft.

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