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

Cargojet Inc. (TSE:CJT) has been given an average recommendation of “Buy” by the eight analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$162.80.

A number of research analysts have commented on CJT shares. Scotiabank reduced their target price on Cargojet from C$170.00 to C$165.00 in a report on Wednesday, February 19th. TD Securities reduced their target price on Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Canaccord Genuity Group increased their target price on Cargojet from C$165.00 to C$173.00 in a report on Wednesday, February 19th. Cormark cut their price target on Cargojet from C$140.00 to C$120.00 in a report on Wednesday, February 19th. Finally, National Bankshares cut their price target on Cargojet from C$158.00 to C$151.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th.

Cargojet Trading Down 0.7 %

Shares of CJT opened at C$87.07 on Wednesday. The company has a market capitalization of C$1.39 billion, a P/E ratio of 611.06 and a beta of 0.91. Cargojet has a one year low of C$86.36 and a one year high of C$144.97. 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 stock has a 50-day moving average price of C$110.61 and a 200 day moving average price of C$120.99.

Cargojet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.61%. Cargojet’s dividend payout ratio is presently 982.53%.

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.