Brokerages Set Cargojet Inc. (TSE:CJT) Target Price at C$218.00

Cargojet Inc. (TSE:CJTGet Rating) has earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$214.82.

Several analysts recently commented on CJT shares. BMO Capital Markets lowered Cargojet to a “hold” rating and set a C$165.00 price objective for the company. in a report on Thursday, June 16th. Cormark cut their price objective on Cargojet from C$275.00 to C$210.00 and set a “na” rating for the company in a report on Tuesday, March 8th. ATB Capital boosted their price target on Cargojet from C$225.00 to C$230.00 and gave the company an “outperform” rating in a report on Tuesday, May 3rd. Scotiabank cut their price target on Cargojet from C$215.00 to C$197.00 in a report on Tuesday, May 3rd. Finally, Atb Cap Markets reissued an “outperform” rating on shares of Cargojet in a report on Monday, March 7th.

CJT stock opened at C$141.87 on Thursday. Cargojet has a 1-year low of C$115.89 and a 1-year high of C$214.50. The business has a fifty day moving average price of C$149.10 and a 200-day moving average price of C$163.24. The company has a debt-to-equity ratio of 63.83, a current ratio of 1.46 and a quick ratio of 1.13. The stock has a market capitalization of C$2.46 billion and a P/E ratio of 119.42.

Cargojet (TSE:CJTGet Rating) last posted its quarterly earnings results on Monday, May 2nd. The company reported C$0.70 earnings per share for the quarter, missing the consensus estimate of C$1.52 by C($0.82). The firm had revenue of C$233.60 million during the quarter, compared to analysts’ expectations of C$210.03 million. As a group, analysts anticipate that Cargojet will post 7.7585957 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 5th. Investors of record on Tuesday, July 5th will be given a $0.286 dividend. This is an increase from Cargojet’s previous quarterly dividend of $0.26. This represents a $1.14 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Friday, June 17th. Cargojet’s payout ratio is currently 87.54%.

Cargojet Company Profile (Get Rating)

Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic air cargo network services between fourteen cities in North America; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.

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Analyst Recommendations for Cargojet (TSE:CJT)

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