Cargojet Inc. (TSE:CJT) Stock Has Consensus Price Target of C$121.00 According to Analysts

Key Points

• Analysts maintain a favorable outlook: Cargojet has a “Moderate Buy” consensus from 11 analysts, with 10 buy ratings and one hold. The average 12-month price target is C$121.00, well above the reported share price of C$86.26.
• Recent brokerage targets were raised or set above the current price: Desjardins assigned the highest target at C$135, followed by TD at C$128, Scotiabank at C$125, ATB Cormark at C$120, and National Bank Financial at C$112.
• Cargojet reported quarterly EPS of C$0.67 and revenue of C$275.8 million and pays a quarterly dividend of $0.385 per share, representing an annualized dividend of $1.54 and a 1.8% yield.

Shares of Cargojet Inc. (TSE:CJT - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eleven research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$121.00.

Several brokerages have recently issued reports on CJT. Scotiabank increased their price objective on Cargojet from C$120.00 to C$125.00 and gave the company a "sector outperform" rating in a research note on Wednesday, August 12th. TD set a C$128.00 target price on Cargojet and gave the stock a "buy" rating in a research note on Friday, October 2nd. Desjardins upped their price target on Cargojet from C$126.00 to C$135.00 and gave the stock a "buy" rating in a report on Wednesday, August 12th. ATB Cormark Capital Markets upped their price target on Cargojet from C$110.00 to C$120.00 and gave the stock an "outperform" rating in a report on Wednesday, August 12th. Finally, National Bank Financial set a C$112.00 price target on Cargojet and gave the company an "outperform" rating in a research report on Friday, October 2nd.

Cargojet Trading Down 1.5%

Shares of CJT stock opened at C$86.26 on Thursday. Cargojet has a fifty-two week low of C$65.60 and a fifty-two week high of C$100.87. The company has a 50 day moving average price of C$85.28 and a 200 day moving average price of C$83.88. The stock has a market capitalization of C$1.28 billion, a P/E ratio of 27.92 and a beta of 0.91. The company has a debt-to-equity ratio of 119.27, a quick ratio of 0.79 and a current ratio of 0.83.

Cargojet (TSE:CJT - Get Free Report) last released its earnings results on Monday, August 10th. The company reported C$0.67 earnings per share (EPS) for the quarter. The company had revenue of C$275.80 million for the quarter. Cargojet had a net margin of 4.49% and a return on equity of 6.30%. Equities research analysts predict that Cargojet will post 5.890933 EPS for the current fiscal year.

Cargojet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Monday, October 5th were paid a dividend of $0.3850 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, September 18th. Cargojet's dividend payout ratio is presently 47.57%.

Cargojet Company Profile

Cargojet is Canada's leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 aircraft.

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