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Cargojet Inc. (TSE:CJT) Receives C$148.50 Average PT from Brokerages

Cargojet logo with Industrials background

Cargojet Inc. (TSE:CJT - Get Free Report) has earned a consensus recommendation of "Buy" from the eight research firms that are covering the stock, 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 target among analysts that have issued a report on the stock in the last year is C$148.50.

Several equities analysts have weighed in on the company. Stifel Nicolaus set a C$125.00 price objective on Cargojet and gave the company a "buy" rating in a research note on Thursday, June 12th. CIBC lowered their target price on Cargojet from C$163.00 to C$150.00 in a research note on Thursday, April 10th. Stifel Canada upgraded Cargojet to a "strong-buy" rating in a research note on Wednesday, June 11th. BMO Capital Markets lowered their price objective on Cargojet from C$120.00 to C$95.00 in a research note on Tuesday, April 15th. Finally, TD Securities boosted their price objective on Cargojet from C$150.00 to C$154.00 and gave the company a "buy" rating in a research note on Friday, April 25th.

View Our Latest Analysis on Cargojet

Cargojet Stock Up 0.0%

TSE CJT traded up C$0.01 during mid-day trading on Friday, hitting C$93.24. The company's stock had a trading volume of 61,162 shares, compared to its average volume of 93,499. The company's 50 day simple moving average is C$89.59 and its 200 day simple moving average is C$97.73. Cargojet has a twelve month low of C$69.60 and a twelve month high of C$144.97. The company has a current ratio of 0.56, a quick ratio of 0.79 and a debt-to-equity ratio of 98.69. The firm has a market capitalization of C$1.49 billion, a price-to-earnings ratio of 654.36 and a beta of 0.91.

Cargojet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 4th. Investors of record on Friday, July 4th will be issued 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 of this dividend is Friday, June 20th. Cargojet's payout ratio is 982.53%.

About Cargojet

(Get Free Report

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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Analyst Recommendations for Cargojet (TSE:CJT)

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