Brokerages Set Cargojet Inc. (TSE:CJT) PT at C$148.91

Shares of Cargojet Inc. (TSE:CJT) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$148.91.

Several research firms have weighed in on CJT. National Bankshares boosted their price target on Cargojet from C$129.00 to C$132.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 30th. Acumen Capital boosted their target price on Cargojet from C$160.00 to C$165.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Royal Bank of Canada decreased their target price on Cargojet from C$184.00 to C$182.00 and set an “outperform” rating on the stock in a report on Tuesday, May 14th. ATB Capital boosted their target price on Cargojet from C$155.00 to C$160.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. Finally, BMO Capital Markets boosted their target price on Cargojet from C$110.00 to C$115.00 and gave the stock a “market perform” rating in a report on Tuesday, February 27th.

Cargojet Stock Down 0.5 %

Shares of Cargojet stock opened at C$117.62 on Thursday. The business’s 50 day simple moving average is C$114.79 and its 200 day simple moving average is C$112.10. Cargojet has a 52-week low of C$76.50 and a 52-week high of C$125.44. The firm has a market cap of C$1.94 billion, a PE ratio of 50.26 and a beta of 1.00. The company has a debt-to-equity ratio of 85.77, a quick ratio of 0.79 and a current ratio of 0.96.

Cargojet (TSE:CJT) last announced its earnings results on Monday, April 29th. The company reported C$1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.71 by C$1.15. The business had revenue of C$231.20 million for the quarter, compared to analyst estimates of C$233.80 million. Cargojet had a return on equity of 4.78% and a net margin of 4.48%. On average, analysts predict that Cargojet will post 4.4560297 earnings per share for the current fiscal year.

Cargojet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, June 20th will be paid a $0.315 dividend. The ex-dividend date is Thursday, June 20th. This represents a $1.26 annualized dividend and a yield of 1.07%. Cargojet’s dividend payout ratio (DPR) is presently 53.85%.

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.