Cargojet (TSE:CJT) Sets New 12-Month Low at $91.72

Posted by Defense World Staff on Aug 13th, 2023

Cargojet Inc. (TSE:CJT – Get Free Report) shares reached a new 52-week low on Friday . The stock traded as low as C$91.72 and last traded at C$91.98, with a volume of 6951 shares. The stock had previously closed at C$92.14.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CJT shares. National Bankshares decreased their price objective on shares of Cargojet from C$127.00 to C$117.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 25th. CIBC cut their target price on shares of Cargojet from C$180.00 to C$164.00 in a research note on Thursday, July 13th. Scotiabank cut their target price on shares of Cargojet from C$172.00 to C$146.00 in a research note on Tuesday, May 2nd. Cormark cut their target price on shares of Cargojet from C$120.00 to C$117.00 in a research note on Tuesday, May 2nd. Finally, Acumen Capital cut their target price on shares of Cargojet from C$180.00 to C$175.00 in a research note on Tuesday, May 2nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$146.73.

View Our Latest Stock Analysis on Cargojet

Cargojet Trading Up 1.4 %

The firm has a market capitalization of C$1.61 billion, a P/E ratio of 6.20 and a beta of 0.87. The company has a quick ratio of 0.79, a current ratio of 1.38 and a debt-to-equity ratio of 81.73. The firm’s 50-day simple moving average is C$96.30 and its 200-day simple moving average is C$107.26.

Cargojet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Stockholders of record on Wednesday, July 5th were issued a $0.286 dividend. The ex-dividend date was Monday, June 19th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.22%. Cargojet’s payout ratio is 7.56%.

Cargojet Company Profile

(Get Free Report)

Cargojet Inc provides time sensitive overnight air cargo services 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.