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

Shares of Cargojet Inc. (TSE:CJT) have been given an average rating of “Buy” by the ten ratings firms that are currently covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$128.15.

A number of brokerages have issued reports on CJT. Desjardins boosted their target price on shares of Cargojet from C$117.00 to C$118.00 and gave the company a “buy” rating in a report on Friday, December 12th. National Bankshares decreased their price objective on Cargojet from C$123.00 to C$120.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 15th. TD Securities cut their target price on Cargojet from C$160.00 to C$120.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Stifel Nicolaus reduced their target price on Cargojet from C$120.00 to C$100.00 in a report on Monday, November 10th. Finally, Scotiabank lowered their price target on shares of Cargojet from C$140.00 to C$135.00 in a report on Friday, October 3rd.

Cargojet Price Performance

Shares of TSE:CJT opened at C$84.88 on Tuesday. The firm has a market capitalization of C$1.28 billion, a PE ratio of 10.79 and a beta of 0.79. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69. The company has a 50-day moving average price of C$78.61 and a two-hundred day moving average price of C$90.65. Cargojet has a twelve month low of C$65.60 and a twelve month high of C$128.19.

Cargojet (TSE:CJT) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C$0.32 earnings per share (EPS) for the quarter. The company had revenue of C$219.90 million for the quarter. Cargojet had a net margin of 0.25% and a return on equity of 0.31%. Equities analysts forecast that Cargojet will post 5.890933 EPS for the current year.

Cargojet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Monday, January 5th were paid a $0.35 dividend. The ex-dividend date was Friday, December 19th. This represents a $1.40 annualized dividend and a yield of 1.6%. Cargojet’s dividend payout ratio is currently 17.79%.

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.