Cargojet (TSE:CJT) Hits New 52-Week Low - What's Next?

Cargojet Inc. (TSE:CJT - Get Free Report) shares hit a new 52-week low during trading on Monday . The company traded as low as C$96.56 and last traded at C$96.81, with a volume of 25286 shares changing hands. The stock had previously closed at C$98.00.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CJT shares. National Bankshares dropped their price objective on Cargojet from C$158.00 to C$151.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Royal Bank of Canada increased their price objective on shares of Cargojet from C$189.00 to C$193.00 in a research note on Wednesday, February 19th. CIBC lowered their price objective on Cargojet from C$177.00 to C$163.00 in a research note on Wednesday, February 19th. TD Securities lowered their target price on Cargojet from C$167.00 to C$165.00 and set a "buy" rating for the company in a research report on Thursday, November 21st. Finally, Scotiabank dropped their price target on shares of Cargojet from C$170.00 to C$165.00 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. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$162.80.

Cargojet Stock Performance

The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69. The company has a market cap of C$1.44 billion, a PE ratio of 630.85 and a beta of 0.91. The business's fifty day moving average is C$111.16 and its 200-day moving average is C$121.49.

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Cargojet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 20th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.56%. Cargojet's dividend payout ratio is currently 982.53%.

Cargojet Company Profile

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.