Cargojet Inc. (TSE:CJT - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$93.72 and traded as high as C$101.28. Cargojet shares last traded at C$100.96, with a volume of 39,352 shares.
Analysts Set New Price Targets
A number of brokerages recently weighed in on CJT. ATB Capital lowered their target price on shares of Cargojet from C$155.00 to C$145.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Stifel Canada raised shares of Cargojet to a "strong-buy" rating in a research note on Wednesday, June 11th. Scotiabank lifted their target price on shares of Cargojet from C$138.00 to C$140.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Stifel Nicolaus lifted their target price on shares of Cargojet from C$125.00 to C$130.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Finally, TD Securities lifted their target price on shares of Cargojet from C$150.00 to C$160.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. According to data from MarketBeat, Cargojet has an average rating of "Buy" and a consensus price target of C$148.00.
View Our Latest Research Report on Cargojet
Cargojet Trading Down 0.5%
The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69. The stock has a market capitalization of C$1.52 billion, a P/E ratio of 11.18 and a beta of 1.29. The firm's 50 day simple moving average is C$101.07 and its two-hundred day simple moving average is C$93.61.
Cargojet Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, July 4th. Shareholders of record on Friday, July 4th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, June 20th. Cargojet's payout ratio is 15.52%.
About Cargojet
(
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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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