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

Shares of Cargojet Inc. (TSE:CJT) have received a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat.com reports. Two 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 12 month price target among analysts that have updated their coverage on the stock in the last year is C$158.82.

Several equities analysts have commented on CJT shares. TD Securities dropped their price target on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Acumen Capital increased their price target on shares of Cargojet from C$175.00 to C$178.00 in a research note on Thursday, August 15th. ATB Capital dropped their price target on shares of Cargojet from C$165.00 to C$155.00 in a research note on Wednesday, November 6th. Canaccord Genuity Group increased their price target on shares of Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th. Finally, National Bankshares raised their target price on shares of Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th.

Cargojet Stock Performance

Shares of Cargojet stock opened at C$120.90 on Monday. The firm has a market capitalization of C$1.95 billion, a P/E ratio of -127.26 and a beta of 0.91. Cargojet has a 52 week low of C$97.04 and a 52 week high of C$144.97. The company has a quick ratio of 0.79, a current ratio of 0.59 and a debt-to-equity ratio of 99.84. The firm’s 50 day moving average is C$132.85 and its two-hundred day moving average is C$128.39.

Cargojet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, October 4th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, September 20th. This is an increase from Cargojet’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a dividend yield of 1.16%. Cargojet’s dividend payout ratio (DPR) is currently -147.37%.

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.