Brokerages Set Cargojet Inc. (TSE:CJT) PT at C$160.20

Cargojet Inc. (TSE:CJT) has earned an average rating of “Buy” from the eight research firms that are covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$158.90.

Several equities research analysts have issued reports on the company. Royal Bank of Canada increased their target price on Cargojet from C$189.00 to C$193.00 in a research report on Wednesday, February 19th. CIBC cut their target price on Cargojet from C$163.00 to C$150.00 in a research note on Thursday. Scotiabank decreased their price target on Cargojet from C$165.00 to C$139.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 2nd. National Bankshares cut their price objective on shares of Cargojet from C$158.00 to C$151.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Finally, Cormark decreased their target price on shares of Cargojet from C$140.00 to C$120.00 in a report on Wednesday, February 19th.

Cargojet Stock Performance

Shares of CJT stock opened at C$76.99 on Friday. The firm’s 50 day moving average is C$92.42 and its 200 day moving average is C$112.86. The stock has a market capitalization of C$1.23 billion, a P/E ratio of 540.32 and a beta of 0.91. Cargojet has a 12 month low of C$69.60 and a 12 month high of C$144.97. The company has a current ratio of 0.56, a quick ratio of 0.79 and a debt-to-equity ratio of 98.69.

Cargojet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, April 4th were given a $0.35 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.40 annualized dividend and a yield of 1.82%. Cargojet’s dividend payout ratio (DPR) is presently 982.53%.

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.