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

Cargojet Inc. (TSE:CJT) has been given an average recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$124.58.

Several research firms recently issued reports on CJT. Royal Bank Of Canada reduced their price target on shares of Cargojet from C$143.00 to C$140.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. BMO Capital Markets dropped their price objective on shares of Cargojet from C$94.00 to C$85.00 and set a “market perform” rating for the company in a research note on Wednesday, May 6th. National Bank Financial increased their price objective on shares of Cargojet from C$104.00 to C$108.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. TD increased their price objective on shares of Cargojet from C$120.00 to C$124.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Scotiabank dropped their price objective on shares of Cargojet from C$118.00 to C$115.00 and set an “outperform” rating for the company in a research note on Thursday, April 9th.

Cargojet Stock Performance

TSE CJT opened at C$83.31 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 123.57. The company has a market capitalization of C$1.24 billion, a P/E ratio of 34.00 and a beta of 0.97. The firm has a 50-day moving average price of C$82.34 and a two-hundred day moving average price of C$85.92. Cargojet has a 12-month low of C$65.60 and a 12-month high of C$113.89.

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

Cargojet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Monday, July 6th will be paid a $0.385 dividend. The ex-dividend date of this dividend is Friday, June 19th. This represents a $1.54 annualized dividend and a yield of 1.8%. Cargojet’s dividend payout ratio 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.