Cargojet Inc. (TSE:CJT - Get Free Report) hit a new 52-week low on Monday . The company traded as low as C$87.52 and last traded at C$87.75, with a volume of 13179 shares. The stock had previously closed at C$91.24.
Analyst Ratings Changes
A number of equities analysts recently weighed in on CJT shares. TD Securities reduced their target price on shares of Cargojet from C$167.00 to C$165.00 and set a "buy" rating for the company in a research note on Thursday, November 21st. Scotiabank cut their price target on shares of Cargojet from C$170.00 to C$165.00 in a research report on Wednesday, February 19th. Cormark cut their price target on shares of Cargojet from C$140.00 to C$120.00 in a research report on Wednesday, February 19th. CIBC cut their price target on shares of Cargojet from C$177.00 to C$163.00 in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada boosted their price target on shares of Cargojet from C$189.00 to C$193.00 in a research report on Wednesday, February 19th. One equities 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 company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$162.80.
View Our Latest Report on CJT
Cargojet Stock Performance
The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56. The stock's fifty day moving average price is C$109.31 and its 200-day moving average price is C$120.21. The company has a market capitalization of C$1.40 billion, a P/E ratio of 613.80 and a beta of 0.91.
Cargojet Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, April 4th will be issued a $0.35 dividend. The ex-dividend date is Thursday, March 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.60%. Cargojet's payout ratio is 982.53%.
About Cargojet
(
Get Free Report)
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.
Further Reading
Before you consider Cargojet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cargojet wasn't on the list.
While Cargojet currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
