Analysts Set Cargojet Inc. (TSE:CJT) Price Target at C$124.17

Cargojet Inc. (TSE:CJT) has received an average rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$124.17.

Several analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce lifted their price objective on Cargojet from C$116.00 to C$122.00 in a report on Thursday, April 2nd. TD cut their target price on Cargojet from C$124.00 to C$118.00 in a research note on Wednesday, July 15th. Scotiabank reduced their target price on Cargojet from C$118.00 to C$115.00 and set an “outperform” rating for the company in a research report on Thursday, April 9th. Royal Bank Of Canada decreased their price target on shares of Cargojet from C$143.00 to C$140.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Finally, National Bank Financial boosted their price target on shares of Cargojet from C$108.00 to C$109.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th.

Cargojet Stock Down 0.5%

TSE CJT opened at C$85.06 on Friday. The company has a debt-to-equity ratio of 123.57, a quick ratio of 0.79 and a current ratio of 0.91. The firm has a 50-day simple moving average of C$84.41 and a 200 day simple moving average of C$86.47. Cargojet has a twelve month low of C$65.60 and a twelve month high of C$105.26. The stock has a market cap of C$1.27 billion, a PE ratio of 34.72 and a beta of 1.02.

Cargojet (TSE:CJT) last released its earnings results on Monday, May 4th. The company reported C$0.60 earnings per share for the quarter. The business had revenue of C$254.70 million for the quarter. Cargojet had a return on equity of 4.92% and a net margin of 3.64%. On average, research analysts forecast that Cargojet will post 5.890933 EPS for the current year.

Cargojet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, July 6th were issued a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, June 19th. Cargojet’s dividend payout ratio (DPR) is presently 58.57%.

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.