Cargojet (TSE:CJT) Hits New 12-Month Low - Time to Sell?

Cargojet Inc. (TSE:CJT - Get Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as C$103.97 and last traded at C$104.40, with a volume of 12243 shares trading hands. The stock had previously closed at C$106.20.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. National Bankshares lifted their price objective on shares of Cargojet from C$154.00 to C$158.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. TD Securities cut their price target on Cargojet from C$167.00 to C$165.00 and set a "buy" rating on the stock in a report on Thursday, November 21st. Canaccord Genuity Group raised their price target on shares of Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. ATB Capital reduced their price objective on Cargojet from C$165.00 to C$155.00 in a research note on Wednesday, November 6th. Finally, CIBC lifted their price target on shares of Cargojet from C$172.00 to C$177.00 in a research note on Wednesday, December 4th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$159.27.

Cargojet Stock Down 4.5 %

The company has a market cap of C$1.64 billion, a price-to-earnings ratio of -106.76 and a beta of 0.91. 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 business has a fifty day moving average price of C$127.06 and a two-hundred day moving average price of C$127.67.

Cargojet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, December 20th. Cargojet's payout ratio is -147.37%.

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.