Cargojet Inc. (TSE:CJT) Receives Average Recommendation of "Buy" from Analysts

Shares of Cargojet Inc. (TSE:CJT - Get Free Report) have earned a consensus recommendation of "Buy" from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$158.90.

Several research firms recently issued reports on CJT. Royal Bank of Canada lifted their price objective on Cargojet from C$189.00 to C$193.00 in a report on Wednesday, February 19th. CIBC dropped their price target on Cargojet from C$163.00 to C$150.00 in a research report on Thursday. National Bankshares decreased their price objective on Cargojet from C$158.00 to C$151.00 and set an "outperform" rating on the stock in a report on Thursday, January 30th. Scotiabank dropped their target price on shares of Cargojet from C$165.00 to C$139.00 and set an "outperform" rating for the company in a report on Wednesday, April 2nd. Finally, Cormark decreased their price target on shares of Cargojet from C$140.00 to C$120.00 in a research note on Wednesday, February 19th.

Cargojet Stock Performance

Shares of CJT traded down C$4.35 during trading hours on Friday, hitting C$75.14. The stock had a trading volume of 110,230 shares, compared to its average volume of 103,101. The firm has a 50-day moving average price of C$93.12 and a 200 day moving average price of C$113.11. Cargojet has a fifty-two week low of C$69.60 and a fifty-two week high of C$144.97. The firm has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 527.34 and a beta of 0.91. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56.

Cargojet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, April 4th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.86%. Cargojet's dividend payout ratio (DPR) is 982.53%.

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.