Cargojet Inc. (TSE:CJT) Receives C$124.17 Average Price Target from Analysts

Cargojet Inc. (TSE:CJT) has been given an average rating of “Moderate Buy” by the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$124.17.

CJT has been the topic of several research reports. TD decreased their target price on Cargojet from C$124.00 to C$118.00 in a research report on Wednesday, July 15th. Royal Bank Of Canada dropped 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. BMO Capital Markets reduced their price objective on Cargojet from C$94.00 to C$85.00 and set a “market perform” rating for the company in a research note on Wednesday, May 6th. Canadian Imperial Bank of Commerce raised their price objective on Cargojet from C$116.00 to C$122.00 in a report on Thursday, April 2nd. Finally, National Bank Financial lifted their target price on shares of Cargojet from C$108.00 to C$109.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th.

Cargojet Trading Down 0.6%

Shares of Cargojet stock opened at C$85.58 on Friday. The firm has a market capitalization of C$1.28 billion, a PE ratio of 34.93 and a beta of 1.02. Cargojet has a twelve month low of C$65.60 and a twelve month high of C$105.26. The firm’s 50-day moving average price is C$84.48 and its 200 day moving average price is C$86.44. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 123.57.

Cargojet (TSE:CJT) last posted its quarterly earnings data on Monday, May 4th. The company reported C$0.60 earnings per share (EPS) for the quarter. Cargojet had a return on equity of 4.92% and a net margin of 3.64%.The company had revenue of C$254.70 million for the quarter. On average, sell-side analysts predict that Cargojet will post 5.890933 EPS for the current fiscal year.

Cargojet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, July 6th were given a dividend of $0.385 per share. The ex-dividend date was Friday, June 19th. This represents a $1.54 dividend on an annualized basis and a yield of 1.8%. Cargojet’s payout ratio is presently 58.57%.

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.