Cargojet Inc. (TSE:CJT) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts give Cargojet an average rating of Moderate Buy (9 buys, 1 hold) with a consensus 1‑year price target of C$125.45.
• Cargojet reported C$1.47 EPS on C$284.7M revenue last quarter, with an 8.08% net margin and a trailing PE of 15.65; the stock trades near C$82 and has a market cap of about C$1.22B.
• The company increased its quarterly dividend to $0.385 (annualized C$1.54), implying a yield of roughly 1.9% and a payout ratio near 26.7%.

Shares of Cargojet Inc. (TSE:CJT - Get Free Report) have been given an average rating of "Moderate Buy" by the ten analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$125.45.

CJT has been the subject of several analyst reports. National Bank Financial raised their target price on shares of Cargojet from C$95.00 to C$108.00 and gave the company an "outperform" rating in a research note on Friday, January 23rd. Desjardins raised their target price on shares of Cargojet from C$117.00 to C$126.00 in a research note on Thursday, February 26th. BMO Capital Markets raised their target price on shares of Cargojet from C$90.00 to C$94.00 and gave the company a "market perform" rating in a research note on Thursday, February 26th. Raymond James Financial raised their target price on shares of Cargojet from C$95.00 to C$120.00 and gave the company an "outperform" rating in a research note on Friday, January 23rd. Finally, Stifel Nicolaus lifted their price objective on shares of Cargojet from C$100.00 to C$120.00 and gave the stock a "buy" rating in a research report on Thursday, February 26th.

Cargojet Price Performance

TSE:CJT opened at C$82.00 on Thursday. Cargojet has a 1-year low of C$65.60 and a 1-year high of C$113.89. The company has a current ratio of 1.23, a quick ratio of 0.79 and a debt-to-equity ratio of 155.48. The firm has a fifty day simple moving average of C$88.44 and a 200 day simple moving average of C$85.25. The stock has a market capitalization of C$1.22 billion, a PE ratio of 15.65 and a beta of 0.86.

Cargojet (TSE:CJT - Get Free Report) last released its earnings results on Tuesday, February 24th. The company reported C$1.47 earnings per share for the quarter. Cargojet had a net margin of 8.08% and a return on equity of 10.73%. The business had revenue of C$284.70 million during the quarter. On average, research analysts expect that Cargojet will post 5.890933 EPS for the current fiscal year.

Cargojet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd were given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 1.9%. This is a positive change from Cargojet's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, March 20th. Cargojet's dividend payout ratio (DPR) is presently 26.72%.

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.

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