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

Shares of Cargojet Inc. (TSE:CJT) have earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$159.27.

CJT has been the topic of several recent research reports. CIBC boosted their price target on Cargojet from C$172.00 to C$177.00 in a research report on Wednesday, December 4th. TD Securities reduced their target price 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. Canaccord Genuity Group raised their price target on shares of Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. National Bankshares lifted their price target on shares of Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Finally, ATB Capital decreased their price objective on shares of Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th.

Cargojet Trading Up 5.4 %

Shares of CJT opened at C$107.87 on Friday. Cargojet has a 12 month low of C$100.01 and a 12 month high of C$144.97. The stock’s 50-day moving average is C$121.13 and its two-hundred day moving average is C$127.31. 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 stock has a market cap of C$1.74 billion, a PE ratio of -113.55 and a beta of 0.91.

Cargojet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd will be issued a $0.35 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.30%. Cargojet’s dividend payout ratio (DPR) is -147.37%.

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.