Cargojet (TSE:CJT) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Cargojet Inc. (TSE:CJT) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$90.99 and traded as low as C$84.53. Cargojet shares last traded at C$84.82, with a volume of 97,388 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Scotiabank decreased their price objective on shares of Cargojet from C$140.00 to C$135.00 in a report on Friday, October 3rd. Desjardins boosted their price target on shares of Cargojet from C$117.00 to C$118.00 and gave the company a “buy” rating in a report on Friday, December 12th. National Bankshares decreased their price objective on Cargojet from C$123.00 to C$120.00 and set an “outperform” rating for the company in a report on Wednesday, October 15th. TD Securities dropped their price target on shares of Cargojet from C$160.00 to C$120.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada cut their price objective on Cargojet from C$151.00 to C$143.00 and set an “outperform” rating for the company in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$128.15.

Cargojet Stock Down 0.6%

The firm has a 50-day moving average price of C$78.37 and a two-hundred day moving average price of C$90.99. 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 capitalization of C$1.28 billion, a P/E ratio of 10.78 and a beta of 0.88.

Cargojet (TSE:CJT) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C$0.32 earnings per share for the quarter. The firm had revenue of C$219.90 million for the quarter. Cargojet had a net margin of 0.25% and a return on equity of 0.31%. Equities research analysts anticipate that Cargojet Inc. will post 5.890933 EPS for the current fiscal year.

Cargojet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, January 5th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, December 19th. Cargojet’s dividend payout ratio (DPR) is presently 17.79%.

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.