Cargojet (CJT) Hits New 1-Year High at $59.76

Cargojet Inc (TSE:CJT) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$59.76 and last traded at C$58.94, with a volume of 8755 shares. The stock had previously closed at C$59.01.

Several equities research analysts have weighed in on CJT shares. CIBC upped their target price on Cargojet from C$60.00 to C$62.00 in a research note on Thursday. Acumen Capital upped their target price on Cargojet from C$56.00 to C$60.00 in a research note on Tuesday, November 14th. Royal Bank of Canada upped their target price on Cargojet from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. Finally, National Bank Financial upped their target price on Cargojet from C$53.00 to C$55.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 14th.

The company has a market cap of $784.09, a P/E ratio of 61.40 and a beta of 1.42.

The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th were paid a $0.192 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Tuesday, December 19th. Cargojet’s payout ratio is 78.39%.

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Cargojet Company Profile

Cargojet Inc is a provider of time sensitive overnight air cargo services. The Company’s cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations.

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