Cargojet Inc. (TSE:CJT) Receives C$125.45 Consensus PT from Analysts

Cargojet Inc. (TSE:CJT) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$125.45.

CJT has been the subject of several recent research reports. Royal Bank Of Canada reduced their price target on Cargojet from C$143.00 to C$140.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. National Bank Financial increased their price target on Cargojet from C$95.00 to C$108.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Scotiabank reduced their target price on Cargojet from C$118.00 to C$115.00 and set an “outperform” rating for the company in a report on Thursday, April 9th. Raymond James Financial increased their price target on Cargojet from C$95.00 to C$120.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Finally, Canadian Imperial Bank of Commerce raised their target price on Cargojet from C$116.00 to C$122.00 in a research note on Thursday, April 2nd.

Cargojet Price Performance

CJT opened at C$83.53 on Thursday. Cargojet has a 52-week low of C$65.60 and a 52-week high of C$113.89. The stock has a market cap of C$1.24 billion, a P/E ratio of 15.94 and a beta of 0.86. The business has a fifty day moving average of C$87.95 and a 200 day moving average of C$85.11. The company has a quick ratio of 0.79, a current ratio of 1.23 and a debt-to-equity ratio of 155.48.

Cargojet (TSE:CJT) last issued its earnings results on Tuesday, February 24th. The company reported C$1.47 earnings per share for the quarter. Cargojet had a return on equity of 10.73% and a net margin of 8.08%.The business had revenue of C$284.70 million during the quarter. As a group, sell-side analysts anticipate that Cargojet will post 5.890933 EPS for the current year.

Cargojet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd were issued a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 1.8%. This is a boost from Cargojet’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 20th. Cargojet’s dividend payout ratio (DPR) is 26.72%.

About Cargojet

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.