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

Shares of Cargojet Inc. (TSE:CJT - Get Free Report) have been given an average recommendation of "Buy" by the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven research 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 objective among brokerages that have issued a report on the stock in the last year is C$150.64.

A number of research analysts recently weighed in on the stock. TD Securities increased their price objective on shares of Cargojet from C$150.00 to C$154.00 and gave the company a "buy" rating in a research report on Friday, April 25th. BMO Capital Markets lowered their target price on Cargojet from C$120.00 to C$95.00 in a report on Tuesday, April 15th. CIBC lowered their price objective on shares of Cargojet from C$163.00 to C$150.00 in a research note on Thursday, April 10th. Canaccord Genuity Group increased their price objective on shares of Cargojet from C$165.00 to C$173.00 in a research note on Wednesday, February 19th. Finally, Cormark lowered their price objective on shares of Cargojet from C$140.00 to C$120.00 in a research note on Wednesday, February 19th.

Cargojet Stock Down 0.6%

Cargojet stock traded down C$0.58 during mid-day trading on Monday, reaching C$93.14. The stock had a trading volume of 74,012 shares, compared to its average volume of 97,109. The company has a 50-day moving average price of C$84.30 and a two-hundred day moving average price of C$101.81. The company has a market capitalization of C$1.49 billion, a price-to-earnings ratio of 653.66 and a beta of 0.91. Cargojet has a one year low of C$69.60 and a one year high of C$144.97. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, April 4th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Thursday, March 20th. Cargojet's dividend payout ratio (DPR) is presently 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.