Cargojet Inc. (TSE:CJT) Receives Average Rating of "Buy" from Analysts

Key Points

• Cargojet Inc. has received a consensus rating of "Buy" from ten analysts, with nine recommending a buy and one a strong buy, and the average target price is C$143.07.
• The company's stock is currently trading at C$81.00, and it has experienced a 12-month price range between C$69.60 and C$144.97.
• Cargojet recently declared a quarterly dividend of $0.35 per share, equating to an annualized dividend of $1.40 and a yield of 1.7%.

Cargojet Inc. (TSE:CJT - Get Free Report) has been given a consensus rating of "Buy" by the ten ratings firms that are currently covering the firm, MarketBeat.com reports. Nine analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$143.07.

A number of analysts recently weighed in on the stock. National Bankshares lowered their price objective on shares of Cargojet from C$123.00 to C$120.00 and set an "outperform" rating for the company in a research note on Wednesday, October 15th. Scotiabank lowered their price objective on shares of Cargojet from C$140.00 to C$135.00 in a research note on Friday, October 3rd. Raymond James Financial set a C$132.00 price objective on shares of Cargojet and gave the stock an "outperform" rating in a research note on Friday, September 5th. CIBC lowered their price objective on shares of Cargojet from C$142.00 to C$132.00 in a research note on Wednesday, October 8th. Finally, ATB Capital lowered their price objective on shares of Cargojet from C$155.00 to C$145.00 and set an "outperform" rating for the company in a research note on Friday, August 8th.

Cargojet Trading Down 0.7%

TSE CJT opened at C$81.00 on Thursday. The company's 50-day moving average price is C$95.45 and its 200-day moving average price is C$93.74. The company has a current ratio of 0.56, a quick ratio of 0.79 and a debt-to-equity ratio of 98.69. The stock has a market cap of C$1.22 billion, a PE ratio of 8.98 and a beta of 0.99. Cargojet has a 12 month low of C$69.60 and a 12 month high of C$144.97.

Cargojet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 19th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.7%. Cargojet's payout ratio is 15.52%.

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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