Shares of Cargojet Inc. (TSE:CJT – Get Free Report) have been given a consensus rating of “Buy” by the eight brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$162.80.
A number of analysts have weighed in on the company. TD Securities reduced their price target on Cargojet from C$167.00 to C$165.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Cormark reduced their price target on Cargojet from C$140.00 to C$120.00 in a research report on Wednesday, February 19th. Royal Bank of Canada boosted their price target on Cargojet from C$189.00 to C$193.00 in a research report on Wednesday, February 19th. National Bankshares reduced their price target on 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, Scotiabank reduced their price target on Cargojet from C$170.00 to C$165.00 in a research report on Wednesday, February 19th.
Check Out Our Latest Analysis on CJT
Cargojet Stock Performance
Cargojet Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, April 4th will be issued a $0.35 dividend. The ex-dividend date is Thursday, March 20th. This represents a $1.40 annualized dividend and a yield of 1.60%. Cargojet’s dividend payout ratio (DPR) 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.
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