Cargojet Inc. (TSE:CJT - Get Free Report) 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 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, December 20th.
Cargojet Stock Down 1.7 %
Shares of CJT traded down C$1.82 during midday trading on Wednesday, reaching C$106.20. 95,672 shares of the company were exchanged, compared to its average volume of 57,618. Cargojet has a 1-year low of C$104.20 and a 1-year high of C$144.97. The stock has a 50-day moving average price of C$127.63 and a 200-day moving average price of C$127.82. The company has a current ratio of 0.59, a quick ratio of 0.79 and a debt-to-equity ratio of 99.84. The company has a market cap of C$1.72 billion, a price-to-earnings ratio of -111.79 and a beta of 0.91.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. ATB Capital reduced their target price on shares of Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. TD Securities cut 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 report on Thursday, November 21st. National Bankshares raised their target price on Cargojet from C$154.00 to C$158.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. CIBC boosted their price target on Cargojet from C$172.00 to C$177.00 in a research note on Wednesday, December 4th. Finally, Canaccord Genuity Group increased their price target on Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Cargojet presently has an average rating of "Moderate Buy" and a consensus target price of C$159.27.
View Our Latest Report on CJT
Cargojet Company Profile
(
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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.
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