Analysts Set Cargojet Inc. (TSE:CJT) PT at C$124.58

Shares of Cargojet Inc. (TSE:CJT) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$124.58.

CJT has been the subject of several recent analyst reports. BMO Capital Markets decreased their target price on shares of Cargojet from C$94.00 to C$85.00 and set a “market perform” rating for the company in a report on Wednesday, May 6th. Canadian Imperial Bank of Commerce upped their price target on shares of Cargojet from C$116.00 to C$122.00 in a research report on Thursday, April 2nd. National Bank Financial raised their price objective on shares of Cargojet from C$104.00 to C$108.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. TD lifted their price objective on shares of Cargojet from C$120.00 to C$124.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Scotiabank cut their target price on shares of Cargojet from C$118.00 to C$115.00 and set an “outperform” rating on the stock in a research note on Thursday, April 9th.

Cargojet Trading Down 0.6%

Shares of TSE CJT traded down C$0.56 during mid-day trading on Tuesday, hitting C$86.03. 42,274 shares of the company traded hands, compared to its average volume of 92,052. Cargojet has a 1 year low of C$65.60 and a 1 year high of C$107.25. The stock has a market capitalization of C$1.28 billion, a price-to-earnings ratio of 35.11 and a beta of 1.02. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 123.57. The business has a 50 day moving average of C$82.75 and a two-hundred day moving average of C$86.25.

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

Cargojet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, July 6th were given a $0.385 dividend. This represents a $1.54 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, June 19th. Cargojet’s dividend payout ratio (DPR) is 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.