Cargojet Inc. (TSE:CJT – Get Free Report) has received an average rating of “Moderate Buy” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$161.20.
CJT has been the topic of several analyst reports. TD Securities cut 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 report on Thursday, November 21st. Canaccord Genuity Group upped their target price on Cargojet from C$160.00 to C$165.00 in a research report on Wednesday, November 6th. National Bankshares increased their price target 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. Scotiabank dropped their price target on Cargojet from C$174.00 to C$170.00 in a research note on Monday. Finally, CIBC increased their price objective on shares of Cargojet from C$172.00 to C$177.00 in a research report on Wednesday, December 4th.
Check Out Our Latest Research Report on Cargojet
Cargojet Stock Up 3.6 %
Cargojet Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Friday, December 20th. Cargojet’s dividend payout ratio is presently -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.
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