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

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

Several equities analysts have recently weighed in on CJT shares. Canaccord Genuity Group raised their price target on shares of Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th. ATB Capital decreased their target price on shares of Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. Scotiabank cut their price target on shares of Cargojet from C$174.00 to C$170.00 in a research report on Monday, January 20th. CIBC raised their price objective on Cargojet from C$172.00 to C$177.00 in a report on Wednesday, December 4th. Finally, TD Securities dropped 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.

Cargojet Trading Up 0.5 %

TSE CJT opened at C$123.48 on Tuesday. Cargojet has a one year low of C$100.01 and a one year high of C$144.97. The company has a debt-to-equity ratio of 99.84, a current ratio of 0.59 and a quick ratio of 0.79. The firm has a market cap of C$1.99 billion, a P/E ratio of -129.98 and a beta of 0.91. The stock’s 50-day moving average is C$114.64 and its 200-day moving average is C$125.33.

Cargojet (TSE:CJT) last announced its quarterly earnings results on Monday, November 4th. The company reported C$1.48 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.14 by C$0.34. Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. During the same period last year, the company earned $0.30 EPS. Sell-side analysts anticipate that Cargojet will post 5.890933 earnings per share for the current fiscal year.

Cargojet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were given a dividend of $0.35 per share. The ex-dividend date was Friday, December 20th. This represents a $1.40 dividend on an annualized basis and a yield of 1.13%. Cargojet’s dividend payout ratio (DPR) 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.