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

Cargojet Inc. (TSE:CJT) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Stockholders of record on Thursday, March 20th will be paid a dividend of 0.35 per share on Friday, April 4th. This represents a $1.40 annualized dividend and a dividend yield of 1.38%.

Cargojet Trading Down 3.6 %

CJT opened at C$101.34 on Friday. The stock has a market capitalization of C$1.62 billion, a P/E ratio of 711.21 and a beta of 0.91. The company has a current ratio of 0.56, a quick ratio of 0.79 and a debt-to-equity ratio of 98.69. Cargojet has a 12 month low of C$100.01 and a 12 month high of C$144.97. The firm’s fifty day simple moving average is C$112.62 and its 200 day simple moving average is C$122.88.

Analysts Set New Price Targets

A number of brokerages have recently commented on CJT. Scotiabank cut their price target on Cargojet from C$170.00 to C$165.00 in a report on Wednesday. ATB Capital cut their target price on Cargojet from C$165.00 to C$155.00 in a research note on Wednesday, November 6th. National Bankshares decreased their price target on shares of Cargojet from C$158.00 to C$151.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Canaccord Genuity Group lifted their price objective on shares of Cargojet from C$165.00 to C$173.00 in a report on Wednesday. Finally, CIBC reduced their target price on shares of Cargojet from C$177.00 to C$163.00 in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.