Cargojet Inc. (TSE:CJT – Get Free Report) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$159.55.
A number of research analysts have recently commented on the company. Scotiabank lowered Cargojet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Royal Bank of Canada upped their price target on shares of Cargojet from C$182.00 to C$189.00 and gave the stock an “outperform” rating in a research note on Monday, July 8th. Cormark boosted their target price on Cargojet from C$135.00 to C$140.00 in a report on Thursday, August 15th. TD Securities increased their price target on Cargojet from C$173.00 to C$176.00 in a research note on Thursday, August 15th. Finally, Canaccord Genuity Group lifted their price target on Cargojet from C$150.00 to C$156.00 in a research report on Wednesday, July 24th.
Check Out Our Latest Report on Cargojet
Cargojet Trading Up 1.0 %
Cargojet (TSE:CJT – Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.10 by C($1.15). Cargojet had a negative return on equity of 2.13% and a negative net margin of 1.88%. The business had revenue of C$230.80 million for the quarter, compared to analyst estimates of C$239.77 million. Sell-side analysts anticipate that Cargojet will post 5.890933 earnings per share for the current year.
Cargojet Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, October 4th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.01%. 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.
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