Analysts Set Cargojet Inc. (TSE:CJT) PT at C$150.64

Shares of Cargojet Inc. (TSE:CJT - Get Free Report) have earned an average rating of "Buy" from the eight brokerages that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$150.64.

A number of equities analysts have recently commented on the stock. TD Securities raised their target price on shares of Cargojet from C$150.00 to C$154.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Scotiabank reduced their price objective on Cargojet from C$165.00 to C$139.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 2nd. Canaccord Genuity Group upped their target price on Cargojet from C$165.00 to C$173.00 in a research report on Wednesday, February 19th. BMO Capital Markets dropped their target price on Cargojet from C$120.00 to C$95.00 in a report on Tuesday, April 15th. Finally, CIBC decreased their price target on Cargojet from C$163.00 to C$150.00 in a report on Thursday, April 10th.

Cargojet Trading Down 0.8 %

CJT traded down C$0.69 on Thursday, reaching C$83.44. 85,594 shares of the company's stock were exchanged, compared to its average volume of 98,777. Cargojet has a twelve month low of C$69.60 and a twelve month high of C$144.97. The company's 50 day moving average is C$83.31 and its 200-day moving average is C$106.25. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56. The company has a market cap of C$1.34 billion, a price-to-earnings ratio of 585.59 and a beta of 0.91.

Cargojet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, April 4th were issued a $0.35 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.40 annualized dividend and a yield of 1.68%. Cargojet's dividend payout ratio is presently 982.53%.

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.