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

Key Points

• Cargojet has a consensus analyst rating of “Moderate Buy”, with 10 of 11 brokerages recommending buy and an average 12-month target price of C$124.58.
• The stock recently traded at C$81.30, well below its analyst target range, while the company carries a market cap of C$1.21 billion and a relatively high debt-to-equity ratio of 123.57.
• Cargojet reported C$0.60 EPS and C$254.7 million in quarterly revenue, and it raised its quarterly dividend to C$0.385 per share, implying an annualized yield of about 1.9%.

Shares of Cargojet Inc. (TSE:CJT - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eleven brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$124.58.

Several brokerages have recently commented on CJT. Canadian Imperial Bank of Commerce raised their price objective on shares of Cargojet from C$116.00 to C$122.00 in a research report on Thursday, April 2nd. Royal Bank Of Canada decreased their price objective on shares of Cargojet from C$143.00 to C$140.00 and set an "outperform" rating on the stock in a research report on Monday, April 13th. TD raised their price objective on shares of Cargojet from C$120.00 to C$124.00 and gave the company a "buy" rating in a research report on Wednesday, May 6th. BMO Capital Markets decreased their price objective on shares of Cargojet from C$94.00 to C$85.00 and set a "market perform" rating on the stock in a research report on Wednesday, May 6th. Finally, Desjardins raised their price objective on shares of Cargojet from C$117.00 to C$126.00 in a research report on Thursday, February 26th.

Cargojet Price Performance

Shares of CJT stock opened at C$81.30 on Monday. The company has a market capitalization of C$1.21 billion, a price-to-earnings ratio of 33.18 and a beta of 0.87. Cargojet has a one year low of C$65.60 and a one year high of C$113.89. The company's fifty day moving average price is C$84.16 and its 200-day moving average price is C$84.46. The company has a debt-to-equity ratio of 123.57, a current ratio of 0.91 and a quick ratio of 0.79.

Cargojet (TSE:CJT - Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The company reported C$0.60 EPS for the quarter. The firm had revenue of C$254.70 million for the quarter. Cargojet had a net margin of 3.64% and a return on equity of 4.92%. Sell-side analysts expect that Cargojet will post 5.890933 EPS for the current fiscal year.

Cargojet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd were issued a $0.385 dividend. The ex-dividend date was Friday, March 20th. This represents a $1.54 dividend on an annualized basis and a yield of 1.9%. This is an increase from Cargojet's previous quarterly dividend of $0.35. Cargojet's payout ratio is presently 58.57%.

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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