Brokerages Set Cargojet Inc. (TSE:CJT) Price Target at C$161.20

Cargojet Inc. (TSE:CJT) has received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$160.50.

A number of equities research analysts have recently commented on CJT shares. National Bankshares lowered their price objective on Cargojet from C$158.00 to C$151.00 and set an “outperform” rating for the company in a research report on Tuesday. ATB Capital lowered their price target on Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. CIBC increased their price objective on shares of Cargojet from C$172.00 to C$177.00 in a report on Wednesday, December 4th. Canaccord Genuity Group boosted their target price on shares of Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. Finally, TD Securities cut their price target on shares of 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.

Cargojet Stock Performance

Shares of CJT stock opened at C$122.82 on Tuesday. Cargojet has a 1 year low of C$100.01 and a 1 year high of C$144.97. The company has a debt-to-equity ratio of 99.84, a quick ratio of 0.79 and a current ratio of 0.59. The stock has a fifty day moving average price of C$114.89 and a 200 day moving average price of C$125.64. The stock has a market cap of C$1.98 billion, a PE ratio of -129.28 and a beta of 0.91.

Cargojet (TSE:CJT) last released its quarterly earnings results on Monday, November 4th. The company reported C$1.48 earnings per share for the quarter, topping the consensus estimate of C$1.14 by C$0.34. Cargojet had a negative return on equity of 2.13% and a negative net margin of 1.88%. During the same quarter in the prior year, the business earned $0.30 earnings per share. Sell-side analysts forecast that Cargojet will post 5.890933 earnings per share for the current fiscal year.

Cargojet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were paid a $0.35 dividend. The ex-dividend date was Friday, December 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.14%. Cargojet’s dividend payout ratio (DPR) 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.