Cargojet Inc. (TSE:CJT – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$159.55.
CJT has been the subject of a number of recent analyst reports. Canaccord Genuity Group increased their target price on shares of Cargojet from C$150.00 to C$156.00 in a research report on Wednesday, July 24th. Acumen Capital increased their target price on shares of Cargojet from C$175.00 to C$178.00 in a research report on Thursday, August 15th. ATB Capital increased their target price on shares of Cargojet from C$160.00 to C$165.00 in a research report on Thursday, August 15th. CIBC increased their target price on shares of Cargojet from C$159.00 to C$172.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. Finally, National Bank Financial raised shares of Cargojet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 13th.
Check Out Our Latest Report on CJT
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Cargojet Stock Performance
Cargojet stock opened at C$133.77 on Friday. The company has a market capitalization of C$2.16 billion, a P/E ratio of -139.34 and a beta of 0.90. The business has a 50 day moving average of C$129.35 and a 200-day moving average of C$120.35. The company has a debt-to-equity ratio of 99.84, a current ratio of 0.59 and a quick ratio of 0.79. Cargojet has a 1 year low of C$76.50 and a 1 year high of C$143.64.
Cargojet Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.05%. This is a boost from Cargojet’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, September 20th. Cargojet’s dividend payout ratio is presently -145.83%.
Cargojet Company Profile
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.
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