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

Cargojet Inc. (TSE:CJT - Get Free Report) has been given an average recommendation of "Buy" by the eight brokerages that are presently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$150.64.

A number of brokerages have recently issued reports on CJT. National Bankshares lowered their target price on shares of Cargojet from C$158.00 to C$151.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. TD Securities boosted 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. Royal Bank of Canada dropped their target price on shares of Cargojet from C$183.00 to C$177.00 in a research note on Monday, April 28th. BMO Capital Markets reduced their target price on shares of Cargojet from C$120.00 to C$95.00 in a research report on Tuesday, April 15th. Finally, Scotiabank lowered their price target on Cargojet from C$165.00 to C$139.00 and set an "outperform" rating for the company in a report on Wednesday, April 2nd.

Cargojet Trading Up 0.2%

Shares of TSE:CJT traded up C$0.15 during trading hours on Monday, hitting C$93.57. 12,645 shares of the company's stock traded hands, compared to its average volume of 95,507. Cargojet has a 1 year low of C$69.60 and a 1 year high of C$144.97. The business has a fifty day moving average price of C$84.43 and a 200-day moving average price of C$101.44. The firm has a market capitalization of C$1.50 billion, a P/E ratio of 656.68 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, April 4th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Thursday, March 20th. Cargojet's payout ratio is 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.