Cargojet Inc. (TSE:CJT) Given Average Recommendation of “Moderate Buy” by 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 firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$158.82.

Several equities research analysts have issued reports on the stock. National Bankshares lifted their target price on shares of Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Canaccord Genuity Group lifted their target price on shares of Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th. TD Securities lowered their target price on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Acumen Capital lifted their target price on shares of Cargojet from C$175.00 to C$178.00 in a research note on Thursday, August 15th. Finally, ATB Capital lowered their target price on shares of Cargojet from C$165.00 to C$155.00 in a research note on Wednesday, November 6th.

Cargojet Price Performance

Cargojet stock opened at C$120.90 on Monday. The company’s fifty day moving average price is C$132.85 and its 200 day moving average price is C$128.39. Cargojet has a 1 year low of C$97.04 and a 1 year high of C$144.97. The stock has a market capitalization of C$1.95 billion, a P/E ratio of -127.26 and a beta of 0.91. The company has a debt-to-equity ratio of 99.84, a quick ratio of 0.79 and a current ratio of 0.59.

Cargojet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, October 4th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Friday, September 20th. This is a boost from Cargojet’s previous quarterly dividend of $0.32. Cargojet’s dividend payout ratio is currently -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.