Cargojet Inc. (TSE:CJT) Receives C$120.92 Average Target Price from Analysts

Cargojet Inc. (TSE:CJT) has been given an average rating of “Moderate Buy” by the eleven ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$121.00.

A number of equities research analysts recently commented on the company. TD set a C$128.00 price objective on Cargojet and gave the stock a “buy” rating in a research note on Thursday. Scotiabank increased their target price 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. Desjardins raised their target price 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 boosted their target price on Cargojet from C$110.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Finally, BMO Capital Markets boosted their target price on Cargojet from C$85.00 to C$90.00 in a research report on Wednesday, August 12th.

Cargojet Stock Performance

Cargojet stock opened at C$81.59 on Friday. The company has a market cap of C$1.21 billion, a PE ratio of 26.40 and a beta of 1.03. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 119.27. Cargojet has a 1 year low of C$65.60 and a 1 year high of C$100.87. The company’s 50-day moving average is C$84.85 and its two-hundred day moving average is C$84.02.

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

Cargojet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Monday, October 5th will be paid a dividend of $0.385 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.54 annualized dividend and a yield of 1.9%. Cargojet’s dividend payout ratio (DPR) 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.