Cargojet Inc. (TSE:CJT) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Cargojet Inc. (TSE:CJT) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$148.20.

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada cut their target price on shares of Cargojet from C$187.00 to C$184.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 16th. Laurentian raised shares of Cargojet from a “hold” rating to a “buy” rating and upped their target price for the stock from C$102.00 to C$150.00 in a research note on Tuesday, January 16th. BMO Capital Markets upped their target price on shares of Cargojet from C$110.00 to C$115.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 27th. Scotiabank upped their target price on shares of Cargojet from C$142.00 to C$145.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Finally, TD Securities cut their target price on shares of Cargojet from C$170.00 to C$155.00 and set a “buy” rating on the stock in a research note on Tuesday, January 16th.

Cargojet Stock Performance

TSE:CJT opened at C$110.86 on Friday. The company has a debt-to-equity ratio of 101.87, a current ratio of 1.49 and a quick ratio of 0.79. The firm has a market capitalization of C$1.87 billion, a price-to-earnings ratio of 50.85 and a beta of 1.03. The company’s 50-day moving average is C$112.78 and its two-hundred day moving average is C$106.76. Cargojet has a 1-year low of C$76.50 and a 1-year high of C$124.94.

Cargojet (TSE:CJT) last issued its quarterly earnings data on Monday, February 26th. The company reported C($0.14) EPS for the quarter, missing the consensus estimate of C$0.88 by C($1.02). Cargojet had a return on equity of 4.62% and a net margin of 4.25%. The company had revenue of C$221.90 million during the quarter, compared to analyst estimates of C$250.58 million. Analysts forecast that Cargojet will post 3.6871632 EPS for the current year.

Cargojet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Wednesday, March 20th were paid a dividend of $0.315 per share. The ex-dividend date was Tuesday, March 19th. This represents a $1.26 dividend on an annualized basis and a yield of 1.14%. This is a boost from Cargojet’s previous quarterly dividend of $0.03. Cargojet’s dividend payout ratio is currently 57.80%.

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.