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

Cargojet Inc. (TSE:CJT) has received an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$161.20.

Several equities research analysts have recently commented on CJT shares. Canaccord Genuity Group upped their price target on shares of Cargojet from C$160.00 to C$165.00 in a research report on Wednesday, November 6th. TD Securities decreased their price target on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. CIBC boosted their price target on Cargojet from C$172.00 to C$177.00 in a report on Wednesday, December 4th. ATB Capital lowered their price objective on Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. Finally, National Bankshares increased their target price on shares of Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th.

Cargojet Stock Performance

Shares of TSE CJT opened at C$127.00 on Tuesday. The firm’s 50-day moving average price is C$115.39 and its 200-day moving average price is C$125.89. Cargojet has a 52-week low of C$100.01 and a 52-week high of C$144.97. The company has a market cap of C$2.05 billion, a PE ratio of -133.68 and a beta of 0.91. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Friday, December 20th. Cargojet’s dividend payout ratio is -147.37%.

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.