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

Cargojet Inc. (TSE:CJT - Get Free Report) has been given an average rating of "Buy" by the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$150.64.

CJT has been the subject of a number of research reports. TD Securities boosted their price target on Cargojet from C$150.00 to C$154.00 and gave the company a "buy" rating in a report on Friday, April 25th. Scotiabank reduced their target price on Cargojet from C$165.00 to C$139.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd. CIBC cut their price objective on Cargojet from C$163.00 to C$150.00 in a report on Thursday, April 10th. BMO Capital Markets dropped their target price on Cargojet from C$120.00 to C$95.00 in a research report on Tuesday, April 15th. Finally, National Bankshares reduced their price target on shares of Cargojet from C$158.00 to C$151.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th.

Cargojet Trading Down 0.2 %

Shares of CJT opened at C$85.30 on Thursday. The firm has a market capitalization of C$1.36 billion, a price-to-earnings ratio of 598.64 and a beta of 0.91. The company has a debt-to-equity ratio of 98.69, a current ratio of 0.56 and a quick ratio of 0.79. Cargojet has a 1-year low of C$69.60 and a 1-year high of C$144.97. The company has a 50-day moving average of C$84.65 and a 200 day moving average of C$107.74.

Cargojet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, April 4th were given a $0.35 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.64%. Cargojet's dividend payout ratio (DPR) is currently 982.53%.

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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