Cargojet Inc. (CJT.TO) – What Are Brokerages Thinking About This Stock?

Shares of Cargojet Inc. (TSE:CJT) have received an average rating of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$121.00.

CJT has been the topic of several analyst reports. ATB Cormark Capital Markets increased their price target on Cargojet from C$110.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. National Bank Financial set a C$112.00 price objective on Cargojet and gave the company an “outperform” rating in a research note on Friday, October 2nd. TD set a C$128.00 price objective on Cargojet and gave the company a “buy” rating in a report on Friday, October 2nd. Desjardins upped their target price on Cargojet from C$126.00 to C$135.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Finally, Acumen Capital upped their target price on Cargojet from C$115.00 to C$120.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th.

Cargojet Price Performance

CJT stock opened at C$87.10 on Thursday. The company has a market capitalization of C$1.29 billion, a P/E ratio of 28.19 and a beta of 0.91. Cargojet has a 12 month low of C$65.60 and a 12 month high of C$100.87. The firm’s fifty day simple moving average is C$85.44 and its 200-day simple moving average is C$83.99. The company has a debt-to-equity ratio of 119.27, a current ratio of 0.83 and a quick ratio of 0.79.

Cargojet (TSE:CJT) last issued its earnings results on Monday, August 10th. The company reported C$0.67 earnings per share (EPS) for the quarter. The firm had revenue of C$275.80 million during the quarter. Cargojet had a net margin of 4.49% and a return on equity of 6.30%. As a group, equities research analysts forecast that Cargojet will post 5.89 earnings per share for the current year.

Cargojet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Monday, October 5th were given a $0.3850 dividend. This represents a $1.54 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, September 18th. Cargojet’s dividend payout ratio is currently 47.57%.

Cargojet Company Profile

Cargojet is Canada’s leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 aircraft.