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

Cargojet Inc. (TSE:CJT) has been assigned an average rating of “Moderate Buy” from the eleven analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$159.00.

Several research analysts have commented on CJT shares. ATB Capital lowered their price objective on shares of Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. National Bankshares boosted their price target on Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. TD Securities reduced their price objective on Cargojet from C$176.00 to C$167.00 in a research note on Wednesday, November 6th. Canaccord Genuity Group lifted their target price on Cargojet from C$160.00 to C$165.00 in a research report on Wednesday, November 6th. Finally, Acumen Capital increased their target price on shares of Cargojet from C$175.00 to C$178.00 in a report on Thursday, August 15th.

Cargojet Stock Performance

TSE:CJT opened at C$134.59 on Thursday. The company has a market cap of C$2.17 billion, a price-to-earnings ratio of -141.67 and a beta of 0.91. Cargojet has a fifty-two week low of C$84.32 and a fifty-two week high of C$144.97. The company has a debt-to-equity ratio of 99.84, a quick ratio of 0.79 and a current ratio of 0.59. The stock has a fifty day moving average price of C$134.09 and a 200-day moving average price of C$127.91.

Cargojet (TSE:CJT) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C$1.10 by C($1.15). Cargojet had a negative return on equity of 2.13% and a negative net margin of 1.88%. The firm had revenue of C$230.80 million for the quarter, compared to the consensus estimate of C$239.77 million. As a group, equities analysts anticipate that Cargojet will post 5.890933 EPS for the current fiscal year.

Cargojet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, October 4th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.04%. This is an increase from Cargojet’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, September 20th. Cargojet’s dividend payout ratio is presently -147.37%.

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.