Cargojet Inc. (TSE:CJT) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.00 and traded as high as C$181.98. Cargojet shares last traded at C$180.01, with a volume of 81,582 shares changing hands.
Several equities research analysts have issued reports on the company. Royal Bank of Canada restated an “outperform” rating and issued a C$293.00 price target on shares of Cargojet in a report on Wednesday, June 2nd. Canaccord Genuity upped their price objective on Cargojet from C$220.00 to C$230.00 and gave the company a “na” rating in a research note on Tuesday, July 13th. ATB Capital raised their price objective on Cargojet from C$225.00 to C$230.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 4th. National Bank Financial reduced their target price on Cargojet to C$226.00 and set an “outperform” rating on the stock in a report on Tuesday, May 4th. Finally, TD Securities reissued a “buy” rating and set a C$230.00 price objective on shares of Cargojet in a report on Tuesday, June 8th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$248.08.
The business’s fifty day moving average is C$179.10. The company has a market cap of C$3.16 billion and a PE ratio of 853.22. The company has a current ratio of 2.06, a quick ratio of 1.87 and a debt-to-equity ratio of 72.21.
The business also recently announced a quarterly dividend, which was paid on Monday, July 5th. Shareholders of record on Monday, July 5th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, June 21st. This represents a $1.04 annualized dividend and a yield of 0.57%. Cargojet’s payout ratio is 449.53%.
In other news, Director Jamie Bennett Porteous purchased 1,440 shares of the company’s stock in a transaction dated Tuesday, June 15th. The shares were purchased at an average price of C$176.55 per share, with a total value of C$254,232.00. Following the transaction, the director now directly owns 3,012 shares of the company’s stock, valued at C$531,768.60. Also, Senior Officer Paul David Rinaldo sold 4,100 shares of the company’s stock in a transaction dated Friday, May 21st. The stock was sold at an average price of C$185.00, for a total value of C$758,500.00. Following the completion of the transaction, the insider now owns 4,925 shares in the company, valued at C$911,125.
Cargojet Company Profile (TSE:CJT)
Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic overnight air cargo services between fourteen cities in North America; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.
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