Shares of Cargojet Inc. (TSE:CJT – Get Rating) reached a new 52-week low on Monday . The company traded as low as C$105.75 and last traded at C$106.20, with a volume of 14724 shares. The stock had previously closed at C$108.19.
Analyst Ratings Changes
A number of research firms have recently issued reports on CJT. Cormark cut shares of Cargojet from a “buy” rating to a “market perform” rating and cut their target price for the company from C$175.00 to C$120.00 in a research note on Tuesday, March 7th. Royal Bank of Canada dropped their price objective on shares of Cargojet from C$247.00 to C$231.00 and set an “outperform” rating for the company in a research report on Tuesday, March 7th. CIBC dropped their price objective on shares of Cargojet from C$196.00 to C$193.00 in a research report on Tuesday, March 7th. National Bankshares dropped their price objective on shares of Cargojet from C$147.00 to C$140.00 and set a “sector perform” rating for the company in a research report on Tuesday, March 7th. Finally, Scotiabank dropped their price objective on shares of Cargojet from C$180.00 to C$172.00 in a research report on Tuesday, March 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$165.60.
Cargojet Stock Up 1.1 %
The firm’s 50-day simple moving average is C$122.37 and its 200 day simple moving average is C$125.24. The company has a debt-to-equity ratio of 71.94, a quick ratio of 0.79 and a current ratio of 0.87. The stock has a market capitalization of C$1.87 billion, a P/E ratio of 6.39 and a beta of 0.89.
Cargojet Announces Dividend
Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic air cargo network services between fourteen cities in North America; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.
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