Analysts Set Cargojet Inc. (TSE:CJT) Price Target at C$158.82

Shares of Cargojet Inc. (TSE:CJT) have been given an average rating of “Moderate Buy” by the eleven research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$159.27.

Several analysts recently weighed in on CJT shares. TD Securities reduced their price target on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. CIBC upped their target price on shares of Cargojet from C$172.00 to C$177.00 in a research report on Wednesday. Cormark upped their target price on shares of Cargojet from C$135.00 to C$140.00 in a research report on Thursday, August 15th. Canaccord Genuity Group upped their price objective on shares of Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. Finally, Acumen Capital raised their target price on shares of Cargojet from C$175.00 to C$178.00 in a research note on Thursday, August 15th.

Cargojet Stock Up 0.6 %

Shares of TSE:CJT opened at C$118.03 on Monday. The stock’s 50-day moving average price is C$132.00 and its 200-day moving average price is C$128.28. Cargojet has a 12-month low of C$102.41 and a 12-month high of C$144.97. The stock has a market capitalization of C$1.91 billion, a P/E ratio of -124.24 and a beta of 0.91. The company has a current ratio of 0.59, a quick ratio of 0.79 and a debt-to-equity ratio of 99.84.

Cargojet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, October 4th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Friday, September 20th. This is a positive change from Cargojet’s previous quarterly dividend of $0.32. Cargojet’s dividend payout ratio is presently -147.37%.

About Cargojet

Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.