Cargojet Inc. (TSE:CJT) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Cargojet Inc. (TSE:CJT - Get Free Report) have received a consensus rating of "Moderate Buy" from the eleven brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$158.82.

A number of equities research analysts have weighed in on the company. Acumen Capital raised their target price on Cargojet from C$175.00 to C$178.00 in a report on Thursday, August 15th. TD Securities decreased their target price on shares of Cargojet from C$167.00 to C$165.00 and set a "buy" rating on the stock in a research note on Thursday, November 21st. National Bankshares increased their price target on Cargojet from C$154.00 to C$158.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. ATB Capital reduced their target price on Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. Finally, Cormark raised their price target on shares of Cargojet from C$135.00 to C$140.00 in a report on Thursday, August 15th.

Cargojet Stock Performance

TSE CJT traded down C$2.90 during trading on Monday, reaching C$118.00. The company's stock had a trading volume of 71,219 shares, compared to its average volume of 56,894. The company has a current ratio of 0.59, a quick ratio of 0.79 and a debt-to-equity ratio of 99.84. The firm has a market capitalization of C$1.91 billion, a price-to-earnings ratio of -127.26 and a beta of 0.91. The firm has a 50 day moving average price of C$132.85 and a 200 day moving average price of C$128.45. Cargojet has a 12 month low of C$101.75 and a 12 month high of C$144.97.

Cargojet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, October 4th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.19%. This is a positive change from Cargojet's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, September 20th. Cargojet's payout ratio is presently -147.37%.

About Cargojet

Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.