Cargojet Inc. (TSE:CJT) Receives C$160.50 Consensus Price Target from Analysts

Shares of Cargojet Inc. (TSE:CJT) have received a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$158.45.

A number of equities research analysts have recently commented on the stock. Cormark reduced their target price on shares of Cargojet from C$140.00 to C$120.00 in a report on Wednesday. Royal Bank of Canada upped their target price on shares of Cargojet from C$189.00 to C$193.00 in a report on Wednesday. National Bankshares reduced their target price on shares of Cargojet from C$158.00 to C$151.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. CIBC reduced their target price on shares of Cargojet from C$177.00 to C$163.00 in a report on Wednesday. Finally, Canaccord Genuity Group upped their target price on shares of Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th.

Cargojet Stock Performance

TSE CJT opened at C$101.34 on Friday. The company has a debt-to-equity ratio of 98.69, a current ratio of 0.56 and a quick ratio of 0.79. Cargojet has a 1 year low of C$100.01 and a 1 year high of C$144.97. The company has a market capitalization of C$1.62 billion, a PE ratio of 711.21 and a beta of 0.91. The company has a fifty day moving average of C$112.62 and a two-hundred day moving average of C$122.88.

Cargojet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 20th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.38%. Cargojet’s dividend payout ratio is currently 982.53%.

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.