Brokerages Set Cargojet Inc. (TSE:CJT) Target Price at C$120.92

Cargojet Inc. (TSE:CJT) has been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$120.92.

CJT has been the subject of a number of recent analyst reports. TD upped their price target on shares of Cargojet from C$118.00 to C$127.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Scotiabank boosted their price objective on Cargojet from C$120.00 to C$125.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, August 12th. Desjardins increased their target price on Cargojet from C$126.00 to C$135.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. ATB Cormark Capital Markets raised their target price on Cargojet from C$110.00 to C$120.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Finally, BMO Capital Markets upped their price target on Cargojet from C$85.00 to C$90.00 in a report on Wednesday, August 12th.

Cargojet Stock Performance

CJT stock opened at C$81.26 on Friday. The firm has a 50 day simple moving average of C$85.21 and a 200 day simple moving average of C$84.26. The company has a debt-to-equity ratio of 119.27, a quick ratio of 0.79 and a current ratio of 0.83. Cargojet has a 52 week low of C$65.60 and a 52 week high of C$100.94. The stock has a market cap of C$1.20 billion, a P/E ratio of 26.30 and a beta of 1.03.

Cargojet (TSE:CJT) last released its quarterly earnings data on Monday, August 10th. The company reported C$0.47 earnings per share (EPS) for the quarter. Cargojet had a net margin of 4.49% and a return on equity of 6.30%. The business had revenue of C$275.80 million during the quarter. Research analysts anticipate that Cargojet will post 5.890933 earnings per share for the current fiscal year.

Cargojet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Monday, October 5th will be given a dividend of $0.385 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.54 dividend on an annualized basis and a yield of 1.9%. Cargojet’s payout ratio is 47.57%.

About Cargojet

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.