Analysts Set Cargojet Inc. (TSE:CJT) Price Target at C$120.92

Cargojet Inc. (TSE:CJT) has been given an average rating of “Moderate Buy” by the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$120.92.

Several equities analysts have commented on the stock. Acumen Capital raised their target price on shares of Cargojet from C$115.00 to C$120.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. BMO Capital Markets increased their price target on shares of Cargojet from C$85.00 to C$90.00 in a research report on Wednesday, August 12th. TD lifted their price objective on shares of Cargojet from C$118.00 to C$127.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Desjardins boosted their price objective on shares of Cargojet from C$126.00 to C$135.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Finally, Scotiabank upped their target price on Cargojet from C$120.00 to C$125.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, August 12th.

Cargojet Stock Performance

TSE CJT opened at C$86.42 on Wednesday. The firm has a 50-day moving average price of C$85.82 and a two-hundred day moving average price of C$85.99. Cargojet has a 12-month low of C$65.60 and a 12-month high of C$104.49. The company has a market capitalization of C$1.28 billion, a P/E ratio of 27.97 and a beta of 1.02. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 119.27.

Cargojet (TSE:CJT) last announced its quarterly earnings data on Monday, August 10th. The company reported C$0.47 earnings per share for the quarter. The firm had revenue of C$275.80 million during the quarter. Cargojet had a return on equity of 6.30% and a net margin of 4.49%. Analysts anticipate that Cargojet will post 5.890933 earnings per share for the current year.

Cargojet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Monday, July 6th were issued a dividend of $0.385 per share. The ex-dividend date of this dividend was Friday, June 19th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.8%. Cargojet’s payout ratio is 47.57%.

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.