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

Shares of Cargojet Inc. (TSE:CJT) have earned an average recommendation of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$159.27.

A number of brokerages recently commented on CJT. National Bankshares increased their price target on Cargojet from C$154.00 to C$158.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Canaccord Genuity Group increased their target price on Cargojet from C$160.00 to C$165.00 in a research report on Wednesday, November 6th. TD Securities reduced 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 upped their price target on shares of Cargojet from C$172.00 to C$177.00 in a research note on Wednesday, December 4th. Finally, ATB Capital dropped their price objective on shares of Cargojet from C$165.00 to C$155.00 in a research note on Wednesday, November 6th.

Cargojet Stock Up 1.0 %

CJT opened at C$109.00 on Friday. The company has a market capitalization of C$1.76 billion, a PE ratio of -114.74 and a beta of 0.91. The firm has a 50-day simple moving average of C$120.08 and a two-hundred day simple moving average of C$127.05. 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.

Cargojet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, January 3rd will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, December 20th. This represents a $1.40 annualized dividend and a yield of 1.28%. Cargojet’s 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.