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

Shares of Cargojet Inc. (TSE:CJT) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$125.45.

Several brokerages have weighed in on CJT. Scotiabank upped their target price on Cargojet from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. BMO Capital Markets lifted their price target on Cargojet from C$90.00 to C$94.00 and gave the company a “market perform” rating in a report on Thursday, February 26th. Desjardins boosted their price target on Cargojet from C$117.00 to C$126.00 in a research note on Thursday, February 26th. Stifel Nicolaus increased their price objective on Cargojet from C$100.00 to C$120.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, Royal Bank Of Canada cut their price objective on shares of Cargojet from C$151.00 to C$143.00 and set an “outperform” rating on the stock in a research report on Monday, December 22nd.

Cargojet Trading Down 1.9%

Cargojet stock opened at C$81.40 on Friday. Cargojet has a 12 month low of C$65.60 and a 12 month high of C$113.89. The company has a quick ratio of 0.79, a current ratio of 1.23 and a debt-to-equity ratio of 155.48. The stock has a market cap of C$1.21 billion, a P/E ratio of 15.53 and a beta of 0.70. The company’s fifty day simple moving average is C$92.37 and its 200-day simple moving average is C$87.39.

Cargojet (TSE:CJT) last announced its quarterly earnings data on Tuesday, February 24th. The company reported C$1.47 earnings per share (EPS) for the quarter. The business had revenue of C$284.70 million during the quarter. Cargojet had a return on equity of 10.73% and a net margin of 8.08%. As a group, sell-side analysts forecast that Cargojet will post 5.890933 EPS for the current fiscal year.

Cargojet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.385 per share. The ex-dividend date is Friday, March 20th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from Cargojet’s previous quarterly dividend of $0.35. Cargojet’s payout ratio is 26.72%.

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.