Cargojet Inc. (TSE:CJT – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$159.91.
A number of research analysts recently commented on CJT shares. Acumen Capital increased their price target on shares of Cargojet from C$175.00 to C$178.00 in a report on Thursday, August 15th. TD Securities raised their price objective on Cargojet from C$173.00 to C$176.00 in a research note on Thursday, August 15th. Royal Bank of Canada boosted their target price on Cargojet from C$182.00 to C$189.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. ATB Capital raised their price target on Cargojet from C$160.00 to C$165.00 in a research report on Thursday, August 15th. Finally, Scotiabank lowered shares of Cargojet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th.
Read Our Latest Analysis on CJT
Cargojet Stock Performance
Cargojet (TSE:CJT – Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.10 by C($1.15). Cargojet had a negative net margin of 1.88% and a negative return on equity of 2.13%. The business had revenue of C$230.80 million for the quarter, compared to analysts’ expectations of C$239.77 million. As a group, equities analysts anticipate that Cargojet will post 5.890933 earnings per share for the current fiscal year.
Cargojet Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, October 4th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Friday, September 20th. This is an increase from Cargojet’s previous quarterly dividend of $0.32. Cargojet’s dividend payout ratio (DPR) is currently -147.37%.
About Cargojet
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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