Cargojet Inc. (TSE:CJT) to Issue Quarterly Dividend of $0.35

Cargojet Inc. (TSE:CJT) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Shareholders of record on Thursday, March 20th will be given a dividend of 0.35 per share on Friday, April 4th. This represents a $1.40 annualized dividend and a yield of 1.33%.

Cargojet Trading Down 2.2 %

Shares of TSE CJT traded down C$2.32 during midday trading on Thursday, hitting C$105.08. The stock had a trading volume of 117,725 shares, compared to its average volume of 92,615. The company has a debt-to-equity ratio of 98.69, a current ratio of 0.56 and a quick ratio of 0.79. Cargojet has a fifty-two week low of C$100.01 and a fifty-two week high of C$144.97. The firm has a market cap of C$1.68 billion, a P/E ratio of 737.46 and a beta of 0.91. The company’s 50-day simple moving average is C$112.89 and its 200 day simple moving average is C$123.23.

Analyst Ratings Changes

Several brokerages recently commented on CJT. Canaccord Genuity Group increased their target price on shares of Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. Canaccord Genuity Group increased their price objective on shares of Cargojet from C$165.00 to C$173.00 in a research note on Wednesday. CIBC lowered their target price on Cargojet from C$177.00 to C$163.00 in a research report on Wednesday. TD Securities dropped their target price on Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Finally, Royal Bank of Canada raised their price target on Cargojet from C$189.00 to C$193.00 in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$158.45.

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.