Analysts Set Cargojet Inc. (TSE:CJT) Price Target at C$148.20

Cargojet Inc. (TSE:CJT) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$148.20.

CJT has been the subject of a number of research reports. Cormark cut their target price on shares of Cargojet from C$121.00 to C$120.00 in a research note on Tuesday, February 27th. ATB Capital lifted their price objective on shares of Cargojet from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Acumen Capital lifted their price objective on shares of Cargojet from C$160.00 to C$165.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Scotiabank lifted their price objective on shares of Cargojet from C$142.00 to C$145.00 and gave the stock an “outperform” rating in a research note on Monday, January 22nd. Finally, TD Securities dropped their price objective on shares of Cargojet from C$170.00 to C$155.00 and set a “buy” rating for the company in a research note on Tuesday, January 16th.

Cargojet Stock Performance

Shares of CJT opened at C$114.99 on Friday. The firm has a 50-day moving average of C$112.59 and a 200-day moving average of C$107.04. Cargojet has a one year low of C$76.50 and a one year high of C$124.94. The company has a market cap of C$1.94 billion, a PE ratio of 52.75 and a beta of 1.03. The company has a debt-to-equity ratio of 101.87, a current ratio of 1.49 and a quick ratio of 0.79.

Cargojet (TSE:CJT) last announced its quarterly earnings data on Monday, February 26th. The company reported C($0.14) EPS for the quarter, missing analysts’ consensus estimates of C$0.88 by C($1.02). The firm had revenue of C$221.90 million during the quarter, compared to the consensus estimate of C$250.58 million. Cargojet had a net margin of 4.25% and a return on equity of 4.62%. As a group, equities analysts forecast that Cargojet will post 3.6871632 earnings per share for the current year.

Cargojet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Wednesday, March 20th were issued a dividend of $0.315 per share. The ex-dividend date was Tuesday, March 19th. This is a positive change from Cargojet’s previous quarterly dividend of $0.03. This represents a $1.26 annualized dividend and a dividend yield of 1.10%. Cargojet’s payout ratio is 57.80%.

About Cargojet

Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.