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

Shares of Cargojet Inc. (TSE:CJT) have been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$159.27.

Several brokerages recently weighed in on CJT. National Bankshares increased their price target on Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. CIBC raised their target price on shares of Cargojet from C$172.00 to C$177.00 in a research note on Wednesday, December 4th. Canaccord Genuity Group lifted their target price on shares of Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. TD Securities cut their price target on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Finally, ATB Capital reduced their price objective on shares of Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th.

Cargojet Trading Up 0.1 %

CJT opened at C$104.33 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.59 and a debt-to-equity ratio of 99.84. Cargojet has a 52 week low of C$100.01 and a 52 week high of C$144.97. The business’s 50 day moving average is C$123.70 and its two-hundred day moving average is C$127.38. The firm has a market cap of C$1.68 billion, a price-to-earnings ratio of -109.82 and a beta of 0.91.

Cargojet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, December 20th. Cargojet’s dividend payout ratio is currently -147.37%.

Cargojet Company Profile

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.