Analysts Set Cargojet Inc. (TSE:CJT) Price Target at C$159.27

Shares of Cargojet Inc. (TSE:CJT) have been given an average rating of “Moderate Buy” by the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$159.27.

Several analysts recently issued reports on CJT shares. National Bankshares boosted their target price on shares of Cargojet from C$154.00 to C$158.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Canaccord Genuity Group boosted 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 decreased their target price on Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. ATB Capital cut their price target on Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. Finally, CIBC upped their price target on Cargojet from C$172.00 to C$177.00 in a research report on Wednesday, December 4th.

Cargojet Trading Up 1.0 %

Cargojet stock opened at C$109.00 on Friday. Cargojet has a 52-week low of C$100.01 and a 52-week high of C$144.97. The company has a market cap of C$1.76 billion, a P/E ratio of -114.74 and a beta of 0.91. 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 business has a 50-day simple moving average of C$120.08 and a two-hundred day simple moving average of C$127.05.

Cargojet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, January 3rd will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.40 dividend on an annualized basis and a yield of 1.28%. Cargojet’s dividend payout ratio is presently -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.