Cargojet Inc. (TSE:CJT) Receives C$146.18 Consensus Price Target from Brokerages

Shares of Cargojet Inc. (TSE:CJTGet Free Report) have been assigned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$146.18.

A number of analysts have recently issued reports on CJT shares. Cormark increased their price target on shares of Cargojet from C$100.00 to C$121.00 in a research report on Monday, January 22nd. Laurentian raised shares of Cargojet from a “hold” rating to a “buy” rating and increased their price target for the stock from C$102.00 to C$150.00 in a research report on Tuesday, January 16th. ATB Capital raised their price objective on shares of Cargojet from C$125.00 to C$155.00 and gave the company an “outperform” rating in a research report on Tuesday, January 16th. Royal Bank of Canada cut their price objective on shares of Cargojet from C$187.00 to C$184.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 16th. Finally, Scotiabank raised their price objective on shares of Cargojet from C$142.00 to C$145.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd.

Check Out Our Latest Stock Report on CJT

Cargojet Price Performance

TSE CJT opened at C$120.27 on Tuesday. The company has a 50 day simple moving average of C$117.13 and a 200-day simple moving average of C$101.20. The company has a debt-to-equity ratio of 90.66, a current ratio of 0.65 and a quick ratio of 0.79. The firm has a market capitalization of C$2.07 billion, a price-to-earnings ratio of 27.84 and a beta of 1.04. Cargojet has a 52-week low of C$76.50 and a 52-week high of C$134.34.

Cargojet Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, January 5th were given a $0.029 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date of this dividend was Tuesday, December 19th. Cargojet’s dividend payout ratio is 29.17%.

Cargojet Company Profile

(Get Free Report

Cargojet Inc provides time sensitive overnight air cargo services in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance 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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