Cargojet Inc. (TSE:CJT - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The company traded as low as C$83.20 and last traded at C$83.11, with a volume of 24862 shares traded. The stock had previously closed at C$86.05.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on CJT. National Bankshares dropped their price objective on shares of Cargojet from C$158.00 to C$151.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. Canaccord Genuity Group lifted their price target on shares of Cargojet from C$165.00 to C$173.00 in a research report on Wednesday, February 19th. Scotiabank reduced their price target on Cargojet from C$170.00 to C$165.00 in a research report on Wednesday, February 19th. CIBC dropped their price objective on Cargojet from C$177.00 to C$163.00 in a report on Wednesday, February 19th. Finally, Royal Bank of Canada increased their target price on Cargojet from C$189.00 to C$193.00 in a report on Wednesday, February 19th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Cargojet presently has a consensus rating of "Buy" and an average price target of C$162.80.
Get Our Latest Analysis on CJT
Cargojet Stock Down 1.2 %
The company has a current ratio of 0.56, a quick ratio of 0.79 and a debt-to-equity ratio of 98.69. The company has a market capitalization of C$1.31 billion, a P/E ratio of 572.88 and a beta of 0.91. The stock has a 50 day moving average price of C$101.36 and a 200 day moving average price of C$116.39.
Cargojet Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, April 4th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, March 20th. This represents a $1.40 annualized dividend and a yield of 1.72%. Cargojet's dividend payout ratio is presently 982.53%.
About Cargojet
(
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Cargojet Inc operates a domestic air cargo co-load network between sixteen major Canadian cities. The company provides dedicated aircraft to customers on an Aircraft, Crew, Maintenance and Insurance basis, operating between points in Canada, USA, Mexico and Europe. The company also operates scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada, UK and Germany; and between Canada and Mexico.
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