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

Key Points

• Analysts remain broadly bullish on Cargojet: Ten of 11 firms rate the stock a buy, producing a “Moderate Buy” consensus and an average 12-month price target of C$120.92. Several analysts recently raised their targets, with Desjardins setting the highest at C$135.
• Cargojet reported quarterly EPS of C$0.47 on revenue of C$275.8 million, while analysts expect full-year EPS of approximately C$5.89.
• The company pays a quarterly dividend of $0.385 per share, equivalent to an annualized $1.54 and a 1.7% yield; its payout ratio is 47.57%.

Shares of Cargojet Inc. (TSE:CJT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eleven research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$120.92.

CJT has been the subject of a number of recent research reports. Desjardins lifted their price objective on Cargojet from C$126.00 to C$135.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. National Bank Financial upped their target price on shares of Cargojet from C$109.00 to C$112.00 and gave the company an "outperform" rating in a report on Wednesday, August 12th. Scotiabank raised their price target on shares of Cargojet from C$120.00 to C$125.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, August 12th. ATB Cormark Capital Markets lifted their price target on shares of Cargojet from C$110.00 to C$120.00 and gave the stock an "outperform" rating in a report on Wednesday, August 12th. Finally, Acumen Capital boosted their price objective on shares of Cargojet from C$115.00 to C$120.00 and gave the company a "buy" rating in a research report on Wednesday, August 12th.

Cargojet Stock Performance

Cargojet stock opened at C$88.78 on Wednesday. The company has a debt-to-equity ratio of 119.27, a quick ratio of 0.79 and a current ratio of 0.83. The stock has a fifty day moving average of C$85.53 and a two-hundred day moving average of C$86.08. The company has a market capitalization of C$1.31 billion, a price-to-earnings ratio of 28.73 and a beta of 1.02. Cargojet has a fifty-two week low of C$65.60 and a fifty-two week high of C$104.49.

Cargojet (TSE:CJT - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported C$0.47 earnings per share (EPS) for the quarter. The business had revenue of C$275.80 million for the quarter. Cargojet had a return on equity of 6.30% and a net margin of 4.49%. On average, analysts anticipate that Cargojet will post 5.890933 EPS for the current fiscal year.

Cargojet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, July 6th were given a dividend of $0.385 per share. The ex-dividend date was Friday, June 19th. This represents a $1.54 dividend on an annualized basis and a yield of 1.7%. Cargojet's dividend payout ratio (DPR) is 47.57%.

About Cargojet

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source