Cargojet (TSE:CJT) Hits New 1-Year High at $125.24

Shares of Cargojet Inc. (TSE:CJT - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as C$125.24 and last traded at C$124.93, with a volume of 56041 shares traded. The stock had previously closed at C$119.76.

Wall Street Analyst Weigh In

Several equities analysts have commented on CJT shares. Canaccord Genuity Group increased their target price on Cargojet from C$145.00 to C$148.00 in a research report on Wednesday, April 24th. Royal Bank of Canada dropped their price objective on shares of Cargojet from C$184.00 to C$182.00 and set an "outperform" rating for the company in a report on Tuesday. National Bankshares lifted their target price on shares of Cargojet from C$129.00 to C$132.00 and gave the stock a "sector perform" rating in a research report on Tuesday. Laurentian upgraded shares of Cargojet from a "hold" rating to a "buy" rating and upped their price target for the company from C$102.00 to C$150.00 in a research report on Tuesday, January 16th. Finally, ATB Capital raised their price target on shares of Cargojet from C$155.00 to C$160.00 and gave the company an "outperform" rating in a research note on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$148.91.

Cargojet Stock Performance

The company has a quick ratio of 0.79, a current ratio of 1.49 and a debt-to-equity ratio of 101.87. The firm has a market capitalization of C$2.08 billion, a P/E ratio of 56.42 and a beta of 1.03. The company's 50 day moving average is C$112.35 and its 200-day moving average is C$108.15.

Cargojet (TSE:CJT - Get Free Report) last released its quarterly earnings data on Monday, February 26th. The company reported C($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.88 by C($1.02). The company had revenue of C$221.90 million for the quarter, compared to the consensus estimate of C$250.58 million. Cargojet had a return on equity of 4.62% and a net margin of 4.25%. As a group, equities analysts anticipate that Cargojet Inc. will post 3.6871632 EPS for the current year.

Cargojet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Wednesday, March 20th were issued a $0.315 dividend. This is a boost from Cargojet's previous quarterly dividend of $0.03. This represents a $1.26 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Tuesday, March 19th. Cargojet's dividend payout ratio (DPR) is currently 57.80%.

Cargojet Company Profile

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.