Cargojet Inc. (TSE:CJT) Receives Consensus Rating of “Buy” from Brokerages

Shares of Cargojet Inc. (TSE:CJT) have been given a consensus recommendation of “Buy” by the nine ratings firms that are presently covering the firm, Marketbeat reports. Nine analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$127.62.

A number of research firms have commented on CJT. Desjardins upped their price target on Cargojet from C$117.00 to C$118.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Royal Bank Of Canada lowered their price objective on shares of Cargojet from C$151.00 to C$143.00 and set an “outperform” rating for the company in a research note on Monday, December 22nd. National Bankshares upped their target price on shares of Cargojet from C$95.00 to C$108.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Scotiabank raised their price target on shares of Cargojet from C$105.00 to C$115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Finally, Raymond James Financial upped their price objective on Cargojet from C$95.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd.

Cargojet Trading Down 1.8%

CJT opened at C$92.96 on Friday. The business’s 50 day moving average price is C$85.05 and its 200 day moving average price is C$89.68. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56. The stock has a market capitalization of C$1.40 billion, a PE ratio of 11.81 and a beta of 0.79. Cargojet has a one year low of C$65.60 and a one year high of C$124.14.

Cargojet (TSE:CJT) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.32 earnings per share (EPS) for the quarter. The firm had revenue of C$219.90 million during the quarter. Cargojet had a return on equity of 0.31% and a net margin of 0.25%. As a group, equities research analysts expect that Cargojet will post 5.890933 EPS for the current year.

Cargojet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Monday, January 5th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, December 19th. This represents a $1.40 annualized dividend and a yield of 1.5%. Cargojet’s dividend payout ratio is 17.79%.

About Cargojet

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.