Cargojet Inc. (TSE:CJT) Announces $0.35 Quarterly Dividend

Cargojet Inc. (TSE:CJT) declared a quarterly dividend on Friday, December 20th,TickerTech Dividends reports. Investors of record on Friday, January 3rd will be given a dividend of 0.35 per share on Friday, January 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Friday, December 20th.

Cargojet Stock Up 0.1 %

Cargojet stock opened at C$108.02 on Wednesday. The company has a debt-to-equity ratio of 99.84, a current ratio of 0.59 and a quick ratio of 0.79. Cargojet has a fifty-two week low of C$104.20 and a fifty-two week high of C$144.97. The firm has a fifty day moving average price of C$128.16 and a two-hundred day moving average price of C$127.88. The firm has a market cap of C$1.74 billion, a price-to-earnings ratio of -113.71 and a beta of 0.91.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CJT. Canaccord Genuity Group boosted their price objective on Cargojet from C$160.00 to C$165.00 in a research report on Wednesday, November 6th. National Bankshares lifted their price target on Cargojet from C$154.00 to C$158.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. CIBC increased their price objective on Cargojet from C$172.00 to C$177.00 in a research report on Wednesday, December 4th. TD Securities lowered their price objective on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Finally, ATB Capital cut their target price on shares of Cargojet from C$165.00 to C$155.00 in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$159.27.

About Cargojet

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.