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

Cargojet Inc. (TSE:CJT) has been given an average rating of “Moderate Buy” by the ten analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$125.09.

Several analysts recently issued reports on the stock. Desjardins upped their price objective on shares of Cargojet from C$117.00 to C$126.00 in a report on Thursday, February 26th. Canadian Imperial Bank of Commerce upped their price objective on shares of Cargojet from C$116.00 to C$122.00 in a report on Thursday, April 2nd. Stifel Nicolaus upped their price objective on shares of Cargojet from C$100.00 to C$120.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Royal Bank Of Canada decreased their price objective on shares of Cargojet from C$143.00 to C$140.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Finally, BMO Capital Markets upped their price objective on shares of Cargojet from C$90.00 to C$94.00 and gave the stock a “market perform” rating in a report on Thursday, February 26th.

Cargojet Price Performance

TSE CJT opened at C$78.95 on Thursday. The company has a current ratio of 1.23, a quick ratio of 0.79 and a debt-to-equity ratio of 155.48. The company has a fifty day simple moving average of C$87.03 and a 200 day simple moving average of C$84.86. The company has a market cap of C$1.18 billion, a P/E ratio of 15.07 and a beta of 0.86. Cargojet has a 1 year low of C$65.60 and a 1 year high of C$113.89.

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

Cargojet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd were issued a dividend of $0.385 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $1.54 annualized dividend and a dividend yield of 2.0%. This is an increase from Cargojet’s previous quarterly dividend of $0.35. Cargojet’s payout ratio is currently 26.72%.

Cargojet Company Profile

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.