Cargojet Inc. (TSE:CJT) Stock Has Consensus Target Price of C$121.00 According to Brokerages

Shares of Cargojet Inc. (TSE:CJT) have received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$121.00.

A number of analysts recently weighed in on CJT shares. TD set a C$128.00 price target on shares of Cargojet and gave the company a “buy” rating in a research report on Friday, October 2nd. Acumen Capital lifted their price objective on shares of Cargojet from C$115.00 to C$120.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. ATB Cormark Capital Markets boosted their price objective on shares of Cargojet from C$110.00 to C$120.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Desjardins boosted their price objective on shares of Cargojet from C$126.00 to C$135.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Finally, BMO Capital Markets upped their target price on shares of Cargojet from C$85.00 to C$90.00 in a research note on Wednesday, August 12th.

Cargojet Trading Down 1.7%

TSE CJT opened at C$84.61 on Thursday. The stock has a 50-day simple moving average of C$85.31 and a 200 day simple moving average of C$84.03. The company has a market capitalization of C$1.25 billion, a PE ratio of 27.38 and a beta of 0.91. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 119.27. Cargojet has a 12 month low of C$65.60 and a 12 month high of C$100.87.

Cargojet (TSE:CJT) last released its earnings results on Monday, August 10th. The company reported C$0.67 earnings per share for the quarter. The firm had revenue of C$275.80 million for the quarter. Cargojet had a return on equity of 6.30% and a net margin of 4.49%. Research analysts forecast that Cargojet will post 5.89 EPS for the current year.

Cargojet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Monday, October 5th were issued a $0.3850 dividend. The ex-dividend date was Friday, September 18th. This represents a $1.54 annualized dividend and a yield of 1.8%. Cargojet’s dividend payout ratio (DPR) is 47.57%.

About Cargojet

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 aircraft.