Cargojet Inc. (TSE:CJT) Receives C$158.82 Consensus Price Target from Analysts

Shares of Cargojet Inc. (TSE:CJT) have received an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$159.27.

Several research firms have weighed in on CJT. CIBC boosted their target price on shares of Cargojet from C$172.00 to C$177.00 in a report on Wednesday, December 4th. National Bankshares increased their price objective on Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Cormark lifted their target price on Cargojet from C$135.00 to C$140.00 in a research report on Thursday, August 15th. Acumen Capital upped their price target on Cargojet from C$175.00 to C$178.00 in a research note on Thursday, August 15th. Finally, TD Securities reduced their price objective on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a report on Thursday, November 21st.

Cargojet Trading Down 2.4 %

Shares of CJT stock opened at C$113.75 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.79 and a debt-to-equity ratio of 99.84. Cargojet has a twelve month low of C$104.20 and a twelve month high of C$144.97. The company’s 50-day moving average price is C$131.21 and its 200-day moving average price is C$128.33. The stock has a market cap of C$1.84 billion, a price-to-earnings ratio of -119.74 and a beta of 0.91.

Cargojet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, October 4th were issued a $0.35 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.23%. This is a boost from Cargojet’s previous quarterly dividend of $0.32. Cargojet’s payout ratio is -147.37%.

About Cargojet

Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.