Cargojet (TSE:CJT) Shares Cross Above 200-Day Moving Average - Should You Sell?

Cargojet Inc. (TSE:CJT - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$128.12 and traded as high as C$130.23. Cargojet shares last traded at C$128.00, with a volume of 94,390 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CJT. Canaccord Genuity Group increased 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 target price on Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. Acumen Capital boosted their price target on Cargojet from C$175.00 to C$178.00 in a research note on Thursday, August 15th. Cormark increased their price objective on Cargojet from C$135.00 to C$140.00 in a research report on Thursday, August 15th. Finally, TD Securities decreased their target price on Cargojet from C$176.00 to C$167.00 in a research report on Wednesday, November 6th. 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$159.00.

Cargojet Trading Down 2.2 %

The stock has a market cap of C$2.07 billion, a P/E ratio of -134.74 and a beta of 0.91. The stock's 50-day moving average is C$134.13 and its two-hundred day moving average is C$128.12. The company has a debt-to-equity ratio of 99.84, a current ratio of 0.59 and a quick ratio of 0.79.

Cargojet (TSE:CJT - Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.10 by C($1.15). Cargojet had a negative return on equity of 2.13% and a negative net margin of 1.88%. The firm had revenue of C$230.80 million during the quarter, compared to the consensus estimate of C$239.77 million. Equities research analysts anticipate that Cargojet Inc. will post 5.890933 EPS for the current year.

Cargojet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, October 4th were given a $0.35 dividend. This is a positive change from Cargojet's previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Friday, September 20th. Cargojet's dividend payout ratio is -147.37%.

Cargojet Company Profile

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.