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

Shares of Cargojet Inc. (TSE:CJT) have earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$124.58.

Several brokerages recently commented on CJT. Desjardins boosted their price target on Cargojet from C$117.00 to C$126.00 in a research report on Thursday, February 26th. Royal Bank Of Canada dropped their price target on Cargojet from C$143.00 to C$140.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Stifel Nicolaus boosted their price target on Cargojet from C$100.00 to C$120.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Canadian Imperial Bank of Commerce boosted their price target on Cargojet from C$116.00 to C$122.00 in a research report on Thursday, April 2nd. Finally, Scotiabank dropped their price target on Cargojet from C$118.00 to C$115.00 and set an “outperform” rating for the company in a research report on Thursday, April 9th.

Cargojet Stock Up 0.4%

Cargojet stock opened at C$82.56 on Friday. The stock has a market capitalization of C$1.23 billion, a PE ratio of 33.70 and a beta of 0.87. Cargojet has a 12 month low of C$65.60 and a 12 month high of C$113.89. The business has a 50 day simple moving average of C$82.29 and a 200-day simple moving average of C$85.44. The company has a debt-to-equity ratio of 123.57, a current ratio of 0.91 and a quick ratio of 0.79.

Cargojet (TSE:CJT) last posted its quarterly earnings data on Monday, May 4th. The company reported C$0.60 EPS for the quarter. The business had revenue of C$254.70 million during the quarter. Cargojet had a return on equity of 4.92% and a net margin of 3.64%. On average, analysts anticipate that Cargojet will post 5.890933 EPS for the current fiscal year.

Cargojet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd were given a dividend of $0.385 per share. The ex-dividend date was Friday, March 20th. This is a positive change from Cargojet’s previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a dividend yield of 1.9%. Cargojet’s dividend payout ratio (DPR) is presently 58.57%.

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.