Cargojet Inc. (TSE:CJT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Cargojet Inc. (TSE:CJT) have earned an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$124.17.

A number of equities research analysts recently weighed in on CJT shares. TD cut their price objective on shares of Cargojet from C$124.00 to C$118.00 in a research note on Wednesday, July 15th. Canadian Imperial Bank of Commerce increased their target price on shares of Cargojet from C$116.00 to C$122.00 in a research report on Thursday, April 2nd. BMO Capital Markets lowered their target price on shares of Cargojet from C$94.00 to C$85.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 6th. National Bank Financial boosted their price target on shares of Cargojet from C$108.00 to C$109.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Finally, Scotiabank reduced their price target 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 Up 0.4%

Shares of Cargojet stock opened at C$85.47 on Friday. The business’s fifty day moving average price is C$84.37 and its two-hundred day moving average price is C$86.47. The company has a debt-to-equity ratio of 123.57, a current ratio of 0.91 and a quick ratio of 0.79. The company has a market capitalization of C$1.28 billion, a P/E ratio of 34.89 and a beta of 1.02. Cargojet has a 1-year low of C$65.60 and a 1-year high of C$105.26.

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

Cargojet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, July 6th were issued a dividend of $0.385 per share. The ex-dividend date of this dividend was Friday, June 19th. This represents a $1.54 annualized dividend and a yield of 1.8%. Cargojet’s 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.