Cargojet Inc. (TSE:CJT) Given Consensus Rating of “Moderate Buy” by Brokerages

Cargojet Inc. (TSE:CJT) has earned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$159.27.

A number of research firms recently issued reports on CJT. CIBC increased their target price on Cargojet from C$172.00 to C$177.00 in a report on Wednesday, December 4th. TD Securities decreased their price objective on Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. National Bankshares lifted their price objective on Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. ATB Capital reduced their target price on shares of Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. Finally, Canaccord Genuity Group lifted their price target on shares of Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th.

Cargojet Stock Up 5.4 %

Shares of TSE CJT opened at C$107.87 on Friday. The firm’s 50-day moving average is C$121.13 and its two-hundred day moving average is C$127.31. The company has a market capitalization of C$1.74 billion, a PE ratio of -113.55 and a beta of 0.91. Cargojet has a 12-month low of C$100.01 and a 12-month high of C$144.97. The company has a debt-to-equity ratio of 99.84, a current ratio of 0.59 and a quick ratio of 0.79.

Cargojet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.40 annualized dividend and a yield of 1.30%. Cargojet’s dividend payout ratio is presently -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.