Cargojet Inc. (TSE:CJT - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$85.73 and traded as high as C$86.35. Cargojet shares last traded at C$85.20, with a volume of 174,618 shares.
Wall Street Analyst Weigh In
CJT has been the subject of a number of research analyst reports. National Bank Financial lifted their price target on Cargojet from C$109.00 to C$112.00 and gave the company an "outperform" rating in a research report on Wednesday, August 12th. Desjardins upped their price objective on shares of Cargojet from C$126.00 to C$135.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. BMO Capital Markets raised their target price on shares of Cargojet from C$85.00 to C$90.00 in a research note on Wednesday, August 12th. Acumen Capital lifted their target price on shares of Cargojet from C$115.00 to C$120.00 and gave the company a "buy" rating in a research report on Wednesday, August 12th. Finally, TD boosted their price target on shares of Cargojet from C$118.00 to C$127.00 and gave the stock a "buy" rating in a research note on Wednesday, August 12th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$120.92.
View Our Latest Stock Analysis on Cargojet
Cargojet Stock Performance
The company has a debt-to-equity ratio of 119.27, a current ratio of 0.83 and a quick ratio of 0.79. The company has a 50 day simple moving average of C$85.96 and a 200-day simple moving average of C$85.73. The stock has a market cap of C$1.26 billion, a P/E ratio of 27.57 and a beta of 1.02.
Cargojet (TSE:CJT - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported C$0.47 earnings per share (EPS) for the quarter. The firm had revenue of C$275.80 million during the quarter. Cargojet had a return on equity of 6.30% and a net margin of 4.49%. On average, equities analysts expect that Cargojet Inc. will post 5.890933 earnings per share for the current fiscal year.
Cargojet Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, July 6th were paid a $0.385 dividend. The ex-dividend date of this dividend was Friday, June 19th. This represents a $1.54 annualized dividend and a yield of 1.8%. Cargojet's dividend payout ratio is currently 47.57%.
Cargojet Company Profile
(
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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.
Further Reading
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