Cargojet Inc. (TSE:CJT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Cargojet Inc. (TSE:CJT) have earned an average rating of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$158.45.

Several analysts have recently commented on CJT shares. Canaccord Genuity Group lifted their price target on shares of Cargojet from C$160.00 to C$165.00 in a research report on Wednesday, November 6th. National Bankshares cut their target price on Cargojet from C$158.00 to C$151.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Scotiabank cut their target price on Cargojet from C$170.00 to C$165.00 in a research report on Wednesday. CIBC cut their price objective on Cargojet from C$177.00 to C$163.00 in a research report on Wednesday. Finally, Royal Bank of Canada upped their price objective on Cargojet from C$189.00 to C$193.00 in a research report on Wednesday.

Cargojet Stock Down 3.6 %

CJT stock opened at C$101.34 on Friday. The firm has a market cap of C$1.62 billion, a PE ratio of 711.21 and a beta of 0.91. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56. The firm’s 50 day moving average price is C$112.62 and its 200-day moving average price is C$122.88. Cargojet has a one year low of C$100.01 and a one year high of C$144.97.

Cargojet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 20th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.38%. Cargojet’s dividend payout ratio is presently 982.53%.

About Cargojet

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.