Cargojet Inc. (TSE:CJT) Receives C$218.00 Consensus Target Price from Analysts

Cargojet Inc. (TSE:CJTGet Rating) has been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are covering the stock, reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$214.82.

CJT has been the subject of a number of recent research reports. CIBC cut their price objective on shares of Cargojet from C$236.00 to C$207.00 and set an “outperform” rating for the company in a report on Tuesday, May 3rd. ATB Capital increased their price objective on shares of Cargojet from C$225.00 to C$230.00 and gave the company an “outperform” rating in a report on Tuesday, May 3rd. National Bankshares cut their price objective on shares of Cargojet from C$199.00 to C$185.00 and set a “sector perform” rating for the company in a report on Tuesday, May 3rd. Atb Cap Markets reiterated an “outperform” rating on shares of Cargojet in a report on Monday, March 7th. Finally, TD Securities raised their price target on shares of Cargojet from C$210.00 to C$225.00 and gave the stock a “buy” rating in a report on Tuesday, May 3rd.

CJT opened at C$141.87 on Thursday. Cargojet has a twelve month low of C$115.89 and a twelve month high of C$214.50. The company has a quick ratio of 1.13, a current ratio of 1.46 and a debt-to-equity ratio of 63.83. The company has a 50-day moving average price of C$149.10 and a 200 day moving average price of C$163.24. The company has a market cap of C$2.46 billion and a PE ratio of 119.42.

Cargojet (TSE:CJTGet Rating) last released its quarterly earnings data on Monday, May 2nd. The company reported C$0.70 EPS for the quarter, missing analysts’ consensus estimates of C$1.52 by C($0.82). The business had revenue of C$233.60 million for the quarter, compared to the consensus estimate of C$210.03 million. As a group, sell-side analysts expect that Cargojet will post 7.7585957 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 5th. Investors of record on Tuesday, July 5th will be given a dividend of $0.286 per share. The ex-dividend date is Friday, June 17th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from Cargojet’s previous quarterly dividend of $0.26. Cargojet’s dividend payout ratio (DPR) is presently 87.54%.

About Cargojet (Get Rating)

Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic air cargo network services between fourteen cities in North America; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.

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Analyst Recommendations for Cargojet (TSE:CJT)

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