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

Key Points

• Consensus "Moderate Buy": Ten analysts rate Cargojet with an average recommendation of "Moderate Buy" (nine buys, one hold) and an average 12‑month target price of C$125.45.
• Dividend increase: Cargojet raised its quarterly dividend to $0.385 (annualized $1.54, ~1.9% yield), with an ex‑dividend date of March 20 and payment on April 2; payout ratio is 26.72%.
• Valuation and recent results: the stock opened at C$81.40 with a market cap of C$1.21B and P/E of 15.53, but a high debt‑to‑equity of 155.48; last quarter EPS was C$1.47 on C$284.7M revenue.

Cargojet Inc. (TSE:CJT - Get Free Report) has been assigned an average rating of "Moderate Buy" from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$125.45.

CJT has been the topic of several recent analyst reports. Scotiabank boosted their target price on shares of Cargojet from C$115.00 to C$118.00 and gave the company an "outperform" rating in a research note on Thursday, February 26th. BMO Capital Markets raised their target price on Cargojet from C$90.00 to C$94.00 and gave the stock a "market perform" rating in a research report on Thursday, February 26th. Canadian Imperial Bank of Commerce lifted their price target on Cargojet from C$106.00 to C$116.00 in a report on Thursday, February 26th. National Bank Financial upped their price target on Cargojet from C$95.00 to C$108.00 and gave the company an "outperform" rating in a research report on Friday, January 23rd. Finally, Royal Bank Of Canada reduced their price objective on Cargojet from C$151.00 to C$143.00 and set an "outperform" rating for the company in a research note on Monday, December 22nd.

Cargojet Stock Performance

Cargojet stock opened at C$81.40 on Friday. The firm's 50 day simple moving average is C$92.37 and its 200-day simple moving average is C$87.39. The company has a market cap of C$1.21 billion, a P/E ratio of 15.53 and a beta of 0.70. The company has a debt-to-equity ratio of 155.48, a current ratio of 1.23 and a quick ratio of 0.79. Cargojet has a fifty-two week low of C$65.60 and a fifty-two week high of C$113.89.

Cargojet (TSE:CJT - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The company reported C$1.47 earnings per share (EPS) for the quarter. Cargojet had a net margin of 8.08% and a return on equity of 10.73%. The business had revenue of C$284.70 million for the quarter. As a group, equities research analysts predict that Cargojet will post 5.890933 EPS for the current year.

Cargojet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd will be given a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from Cargojet's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, March 20th. Cargojet's payout ratio is currently 26.72%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.