Cargojet Inc. (TSE:CJT) Receives C$148.91 Consensus Target Price from Analysts

Cargojet Inc. (TSE:CJT) has received an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$148.91.

A number of brokerages have commented on CJT. BMO Capital Markets upped their price objective on shares of Cargojet from C$110.00 to C$115.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 27th. ATB Capital upped their price target on shares of Cargojet from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. National Bankshares upped their price target on shares of Cargojet from C$129.00 to C$132.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 30th. Royal Bank of Canada lowered their price target on shares of Cargojet from C$184.00 to C$182.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 14th. Finally, TD Securities upped their price target on shares of Cargojet from C$157.00 to C$162.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th.

Cargojet Stock Down 0.5 %

CJT stock opened at C$117.62 on Thursday. The company has a fifty day moving average price of C$114.79 and a 200 day moving average price of C$112.10. Cargojet has a 12 month low of C$76.50 and a 12 month high of C$125.44. The company has a market cap of C$1.94 billion, a price-to-earnings ratio of 50.26 and a beta of 1.00. The company has a debt-to-equity ratio of 85.77, a current ratio of 0.96 and a quick ratio of 0.79.

Cargojet (TSE:CJT) last released its quarterly earnings results on Monday, April 29th. The company reported C$1.86 EPS for the quarter, beating the consensus estimate of C$0.71 by C$1.15. The firm had revenue of C$231.20 million during the quarter, compared to the consensus estimate of C$233.80 million. Cargojet had a net margin of 4.48% and a return on equity of 4.78%. Sell-side analysts expect that Cargojet will post 4.4560297 earnings per share for the current year.

Cargojet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, June 20th will be paid a $0.315 dividend. The ex-dividend date is Thursday, June 20th. This represents a $1.26 dividend on an annualized basis and a yield of 1.07%. Cargojet’s payout ratio is 53.85%.

About Cargojet

Cargojet Inc provides time sensitive overnight air cargo services and carriers 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.