Cargojet Inc. (TSE:CJT) Receives C$124.58 Consensus Price Target from Brokerages

Cargojet Inc. (TSE:CJT) has been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$124.58.

CJT has been the subject of a number of recent research reports. Royal Bank Of Canada cut their price objective 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. Stifel Nicolaus increased their price objective on Cargojet from C$100.00 to C$120.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. BMO Capital Markets cut 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 report on Wednesday, May 6th. National Bank Financial boosted their target price on shares of Cargojet from C$104.00 to C$108.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Finally, Raymond James Financial boosted their target price on shares of Cargojet from C$95.00 to C$120.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd.

Cargojet Price Performance

Shares of TSE:CJT opened at C$81.96 on Monday. Cargojet has a one year low of C$65.60 and a one year high of C$113.89. The stock has a fifty day moving average of C$83.07 and a 200-day moving average of C$84.45. The company has a market capitalization of C$1.22 billion, a PE ratio of 33.45 and a beta of 0.87. The company has a debt-to-equity ratio of 123.57, a quick ratio of 0.79 and a current ratio of 0.91.

Cargojet (TSE:CJT) last announced its quarterly earnings data on Monday, May 4th. The company reported C$0.60 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 during the quarter. As a group, equities analysts anticipate that Cargojet will post 5.890933 EPS for the current fiscal year.

Cargojet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd were paid a dividend of $0.385 per share. This is an increase from Cargojet’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, March 20th. This represents a $1.54 annualized dividend and a yield of 1.9%. Cargojet’s dividend payout ratio (DPR) is presently 58.57%.

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.