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

Shares of Cargojet Inc. (TSE:CJT - Get Free Report) have earned an average rating of "Buy" from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$150.64.

CJT has been the topic of a number of research reports. BMO Capital Markets dropped their price target on Cargojet from C$120.00 to C$95.00 in a research note on Tuesday, April 15th. Canaccord Genuity Group raised their price target on Cargojet from C$165.00 to C$173.00 in a research note on Wednesday, February 19th. TD Securities raised their price target on Cargojet from C$150.00 to C$154.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Royal Bank of Canada dropped their price target on Cargojet from C$183.00 to C$177.00 in a research note on Monday, April 28th. Finally, Scotiabank dropped their price target 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.

Cargojet Stock Down 0.2%

CJT traded down C$0.20 during trading on Monday, hitting C$92.94. 60,098 shares of the company's stock traded hands, compared to its average volume of 96,746. The company's 50 day simple moving average is C$84.30 and its two-hundred day simple moving average is C$101.81. The company has a current ratio of 0.56, a quick ratio of 0.79 and a debt-to-equity ratio of 98.69. Cargojet has a 12-month low of C$69.60 and a 12-month high of C$144.97. The stock has a market capitalization of C$1.49 billion, a price-to-earnings ratio of 652.26 and a beta of 0.91.

Cargojet Announces Dividend

The business also recently announced 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 of this dividend was Thursday, March 20th. This represents a $1.40 dividend on an annualized basis and a yield of 1.51%. Cargojet's dividend payout ratio 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.