Analysts Set Cargojet Inc. (TSE:CJT) PT at C$160.50

Shares of Cargojet Inc. (TSE:CJT) have been given an average rating of “Moderate Buy” by the ten research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$158.45.

A number of equities analysts have issued reports on CJT shares. ATB Capital cut their target price on shares of Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. Cormark lowered their price target on shares of Cargojet from C$140.00 to C$120.00 in a report on Wednesday. Canaccord Genuity Group lifted their price target on shares of Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. CIBC lowered their price target on shares of Cargojet from C$177.00 to C$163.00 in a report on Wednesday. Finally, National Bankshares lowered their price target 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.

Cargojet Stock Performance

Shares of CJT opened at C$107.40 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.79 and a debt-to-equity ratio of 98.69. The stock has a market cap of C$1.72 billion, a P/E ratio of 753.74 and a beta of 0.91. The company has a 50-day moving average of C$112.89 and a two-hundred day moving average of C$123.23. Cargojet has a 12-month low of C$100.01 and a 12-month high of C$144.97.

Cargojet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, January 3rd were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.40 dividend on an annualized basis and a yield of 1.30%. Cargojet’s payout ratio is 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.