Cargojet Inc. (TSE:CJT – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$106.63 and traded as high as C$111.38. Cargojet shares last traded at C$110.86, with a volume of 32,348 shares traded.
Analysts Set New Price Targets
Several equities research analysts recently commented on the stock. Acumen Capital boosted their price objective on shares of Cargojet from C$160.00 to C$165.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. National Bankshares boosted their price objective on shares of Cargojet from C$109.00 to C$129.00 and gave the stock a “sector perform” rating in a research report on Friday, January 5th. Cormark decreased their price objective on shares of Cargojet from C$121.00 to C$120.00 in a research report on Tuesday, February 27th. Laurentian upgraded shares of Cargojet from a “hold” rating to a “buy” rating and upped their target price for the company from C$102.00 to C$150.00 in a report on Tuesday, January 16th. Finally, Scotiabank upped their target price on shares of Cargojet from C$142.00 to C$145.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Cargojet has a consensus rating of “Moderate Buy” and an average price target of C$148.20.
Get Our Latest Analysis on CJT
Cargojet Stock Performance
Cargojet (TSE:CJT – Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported C($0.14) earnings per share for the quarter, missing the consensus estimate of C$0.88 by C($1.02). The company had revenue of C$221.90 million for the quarter, compared to analysts’ expectations of C$250.58 million. Cargojet had a return on equity of 4.62% and a net margin of 4.25%. As a group, equities analysts expect that Cargojet Inc. will post 3.6871632 earnings per share for the current year.
Cargojet Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Wednesday, March 20th were given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Tuesday, March 19th. This is an increase from Cargojet’s previous quarterly dividend of $0.03. Cargojet’s dividend payout ratio is 57.80%.
About Cargojet
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.
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