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

Cargojet Inc. (TSE:CJT - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$160.50.

CJT has been the subject of several research reports. Canaccord Genuity Group raised their price objective on shares of Cargojet from C$160.00 to C$165.00 in a research report on Wednesday, November 6th. TD Securities reduced their price target on Cargojet from C$167.00 to C$165.00 and set a "buy" rating for the company in a research note on Thursday, November 21st. National Bankshares lowered their price objective on Cargojet from C$158.00 to C$151.00 and set an "outperform" rating on the stock in a research report on Tuesday. CIBC boosted their target price on shares of Cargojet from C$172.00 to C$177.00 in a research report on Wednesday, December 4th. Finally, ATB Capital lowered their price target on shares of Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th.

Cargojet Stock Down 4.4 %

Shares of Cargojet stock traded down C$5.62 on Tuesday, reaching C$121.38. 83,613 shares of the company were exchanged, compared to its average volume of 92,968. The company has a market capitalization of C$1.96 billion, a price-to-earnings ratio of -127.77 and a beta of 0.91. 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 one year low of C$100.01 and a one year high of C$144.97. The company has a 50-day moving average of C$115.39 and a 200 day moving average of C$125.89.

Cargojet (TSE:CJT - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported C$1.48 earnings per share for the quarter, topping the consensus estimate of C$1.14 by C$0.34. Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. During the same quarter last year, the firm posted $0.30 EPS. On average, equities research analysts forecast 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 was paid on Friday, January 3rd. Stockholders of record on Friday, January 3rd were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Friday, December 20th. Cargojet's dividend payout ratio is currently -147.37%.

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.