Cargojet Inc. (TSE:CJT) Receives C$159.27 Consensus PT from Brokerages

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

Several equities analysts have recently issued reports on CJT shares. CIBC lifted their target price on shares of Cargojet from C$172.00 to C$177.00 in a report on Wednesday, December 4th. National Bankshares lifted their price objective on Cargojet from C$154.00 to C$158.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Canaccord Genuity Group increased their target price on Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th. ATB Capital lowered their price target on Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. Finally, TD Securities cut their price objective 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.

Cargojet Stock Up 0.1 %

Shares of TSE:CJT opened at C$104.46 on Friday. The company has a debt-to-equity ratio of 99.84, a current ratio of 0.59 and a quick ratio of 0.79. The company has a market cap of C$1.69 billion, a PE ratio of -109.96 and a beta of 0.91. The stock’s 50-day moving average is C$122.33 and its 200 day moving average is C$127.30. Cargojet has a 1 year low of C$100.01 and a 1 year high of C$144.97.

Cargojet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, December 20th. Cargojet’s dividend payout ratio (DPR) is -147.37%.

Cargojet Company Profile

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.