Cargojet Inc. (TSE:CJT) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Cargojet Inc. (TSE:CJT - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eleven research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$159.00.

A number of equities analysts recently commented on CJT shares. Scotiabank lowered Cargojet from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 10th. TD Securities cut their price objective on Cargojet from C$176.00 to C$167.00 in a report on Wednesday. Acumen Capital lifted their target price on Cargojet from C$175.00 to C$178.00 in a research note on Thursday, August 15th. Canaccord Genuity Group upped their price objective on Cargojet from C$160.00 to C$165.00 in a report on Wednesday. Finally, Cormark raised their price objective on Cargojet from C$135.00 to C$140.00 in a research note on Thursday, August 15th.

Cargojet Stock Up 3.7 %

Shares of CJT stock traded up C$4.89 on Thursday, hitting C$137.05. 80,900 shares of the stock were exchanged, compared to its average volume of 55,391. The company has a current ratio of 0.59, a quick ratio of 0.79 and a debt-to-equity ratio of 99.84. Cargojet has a fifty-two week low of C$82.22 and a fifty-two week high of C$144.97. The firm has a market capitalization of C$2.21 billion, a P/E ratio of -139.12 and a beta of 0.91. The business has a 50-day moving average of C$133.57 and a 200 day moving average of C$127.02.

Cargojet (TSE:CJT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C($0.05) EPS for the quarter, missing analysts' consensus estimates of C$1.10 by C($1.15). The firm had revenue of C$230.80 million during the quarter, compared to analyst estimates of C$239.77 million. Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. Equities analysts anticipate that Cargojet will post 5.890933 EPS for the current year.

Cargojet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, October 4th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.02%. The ex-dividend date was Friday, September 20th. This is a boost from Cargojet's previous quarterly dividend of $0.32. Cargojet's payout ratio is currently -147.37%.

Cargojet Company Profile

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.