Cargojet Inc. (TSE:CJT) Stock Has Average Target Price of C$121.00

Cargojet Inc. (TSE:CJT) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$121.09.

A number of brokerages recently issued reports on CJT. National Bank Financial set a C$112.00 price objective on Cargojet and gave the stock an “outperform” rating in a research report on Friday, October 2nd. Acumen Capital lifted their price objective on Cargojet from C$115.00 to C$120.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. ATB Cormark Capital Markets boosted their target price on Cargojet from C$110.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. BMO Capital Markets upped their target price on Cargojet from C$85.00 to C$90.00 in a research note on Wednesday, August 12th. Finally, Scotiabank upped their target price on Cargojet from C$120.00 to C$125.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, August 12th.

Cargojet Stock Performance

TSE CJT opened at C$95.12 on Monday. Cargojet has a 1 year low of C$65.60 and a 1 year high of C$100.87. The company has a debt-to-equity ratio of 119.27, a current ratio of 0.83 and a quick ratio of 0.79. The stock has a market capitalization of C$1.41 billion, a PE ratio of 30.78 and a beta of 0.72. The company’s 50 day simple moving average is C$85.45 and its two-hundred day simple moving average is C$86.13.

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

Cargojet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Monday, October 5th were given a dividend of $0.3850 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, September 18th. Cargojet’s dividend payout ratio (DPR) is 47.57%.

Cargojet Company Profile

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.