Cargojet Inc. (TSE:CJT) Given Average Recommendation of “Moderate Buy” by Analysts

Cargojet Inc. (TSE:CJT) has earned a consensus rating of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$160.50.

CJT has been the subject of several recent research reports. TD Securities lowered their price objective on 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. ATB Capital decreased their price objective on Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. National Bankshares decreased their price objective 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 price target on Cargojet from C$174.00 to C$170.00 in a research note on Thursday, January 30th. Finally, Canaccord Genuity Group raised their price objective on Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th.

Cargojet Price Performance

Shares of TSE:CJT opened at C$109.13 on Friday. Cargojet has a fifty-two week low of C$100.01 and a fifty-two week high of C$144.97. The business has a 50-day moving average of C$113.06 and a two-hundred day moving average of C$123.66. The stock has a market capitalization of C$1.75 billion, a P/E ratio of 765.88 and a beta of 0.91. The company has a debt-to-equity ratio of 98.69, a current ratio of 0.56 and a quick ratio of 0.79.

Cargojet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Friday, December 20th. Cargojet’s payout ratio is 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.