Cargojet Inc. (TSE:CJT) Receives Consensus Rating of “Moderate Buy” from Analysts

by · The Cerbat Gem

Cargojet Inc. (TSE:CJT – Get Free Report) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$148.20.

A number of equities research analysts have recently commented on the stock. National Bankshares increased their target price on shares of Cargojet from C$109.00 to C$129.00 and gave the company a “sector perform” rating in a research report on Friday, January 5th. Laurentian upgraded shares of Cargojet from a “hold” rating to a “buy” rating and increased their target price for the company from C$102.00 to C$150.00 in a research report on Tuesday, January 16th. Cormark reduced their target price on shares of Cargojet from C$121.00 to C$120.00 in a research report on Tuesday, February 27th. Royal Bank of Canada dropped their price objective on shares of Cargojet from C$187.00 to C$184.00 and set an “outperform” rating for the company in a report on Tuesday, January 16th. 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 report on Tuesday, January 16th.

Get Our Latest Stock Analysis on Cargojet

Cargojet Price Performance

Shares of TSE CJT opened at C$109.87 on Friday. The firm has a 50-day simple moving average of C$117.63 and a 200-day simple moving average of C$103.48. The stock has a market capitalization of C$1.85 billion, a price-to-earnings ratio of 50.63 and a beta of 1.03. The company has a quick ratio of 0.79, a current ratio of 1.49 and a debt-to-equity ratio of 101.87. Cargojet has a 52 week low of C$76.50 and a 52 week high of C$124.94.

Cargojet Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, January 5th were paid a dividend of $0.029 per share. This represents a $0.12 annualized dividend and a yield of 0.11%. The ex-dividend date was Tuesday, December 19th. Cargojet’s dividend payout ratio (DPR) is presently 58.06%.

About Cargojet

(Get Free Report

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.

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