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

Key Points

• Cargojet Inc. has received a consensus rating of "Buy" from nine research firms, with eight analysts recommending a buy and one a strong buy.
• The company's average 12-month price target among analysts is C$148.00, although recent reports have seen varying target price adjustments.
• Cargojet recently declared a quarterly dividend of $0.35, yielding 1.4%, with a payout ratio of 15.52%.

Cargojet Inc. (TSE:CJT - Get Free Report) has been given a consensus rating of "Buy" by the nine research firms that are currently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$148.00.

CJT has been the subject of a number of recent analyst reports. Stifel Canada upgraded shares of Cargojet to a "strong-buy" rating in a report on Wednesday, June 11th. ATB Capital dropped their target price on shares of Cargojet from C$155.00 to C$145.00 and set an "outperform" rating for the company in a report on Friday, August 8th. TD Securities lifted their target price on shares of Cargojet from C$150.00 to C$160.00 and gave the company a "buy" rating in a report on Friday, August 8th. Stifel Nicolaus lifted their target price on shares of Cargojet from C$125.00 to C$130.00 and gave the company a "buy" rating in a report on Monday, August 11th. Finally, Acumen Capital dropped their target price on shares of Cargojet from C$175.00 to C$170.00 and set a "buy" rating for the company in a report on Monday, August 11th.

Cargojet Stock Down 0.3%

Shares of TSE CJT opened at C$100.53 on Wednesday. The company has a 50 day simple moving average of C$101.32 and a 200-day simple moving average of C$93.39. The company has a market capitalization of C$1.52 billion, a P/E ratio of 11.15 and a beta of 1.29. 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.

Cargojet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 4th. Investors of record on Friday, July 4th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, June 20th. Cargojet's dividend payout ratio (DPR) 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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