Analysts Set Cargojet Inc. (TSE:CJT) PT at C$159.27

Cargojet Inc. (TSE:CJT - Get Free Report) has been given an average rating of "Moderate Buy" by the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given 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$159.27.

A number of equities research analysts have recently weighed in on CJT shares. CIBC lifted their price target on shares of Cargojet from C$172.00 to C$177.00 in a research report on Wednesday, December 4th. TD Securities dropped their price objective on Cargojet from C$167.00 to C$165.00 and set a "buy" rating for the company in a report on Thursday, November 21st. National Bankshares increased their target price on Cargojet from C$154.00 to C$158.00 and gave the stock an "outperform" rating in a report on Thursday, October 17th. Canaccord Genuity Group raised their price target on Cargojet from C$160.00 to C$165.00 in a research report on Wednesday, November 6th. Finally, ATB Capital cut their price objective on shares of Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th.

Cargojet Stock Performance

Cargojet stock traded up C$0.13 during midday trading on Friday, hitting C$104.46. The company's stock had a trading volume of 60,382 shares, compared to its average volume of 58,989. The company has a debt-to-equity ratio of 99.84, a current ratio of 0.59 and a quick ratio of 0.79. The company has a market cap of C$1.69 billion, a price-to-earnings ratio of -109.96 and a beta of 0.91. Cargojet has a 1-year low of C$100.01 and a 1-year high of C$144.97. The company has a 50-day moving average price of C$123.01 and a two-hundred day moving average price of C$127.22.

Cargojet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, January 3rd will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.34%. The ex-dividend date is Friday, December 20th. Cargojet's payout ratio is -147.37%.

About Cargojet

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.