Cargojet Inc. (TSE:CJT) Senior Officer Ajay Kumar Virmani Sells 950 Shares

Cargojet Inc. (TSE:CJT) Senior Officer Ajay Kumar Virmani sold 950 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$133.25, for a total value of C$126,587.50.

Cargojet Stock Performance

CJT opened at C$140.00 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.79 and a debt-to-equity ratio of 85.77. Cargojet Inc. has a 12-month low of C$76.50 and a 12-month high of C$143.64. The firm has a 50 day moving average of C$120.27 and a two-hundred day moving average of C$116.97. The firm has a market capitalization of C$2.31 billion, a PE ratio of 59.83 and a beta of 1.00.

Cargojet (TSE:CJT) last issued its earnings results on Monday, April 29th. The company reported C$1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.71 by C$1.15. Cargojet had a net margin of 4.48% and a return on equity of 4.78%. The firm had revenue of C$231.20 million during the quarter, compared to analysts’ expectations of C$233.80 million. On average, analysts anticipate that Cargojet Inc. will post 4.4768237 EPS for the current year.

Cargojet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, July 5th will be issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 0.90%. The ex-dividend date is Thursday, June 20th. Cargojet’s dividend payout ratio (DPR) is 53.85%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CJT shares. CIBC boosted their target price on shares of Cargojet from C$159.00 to C$172.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. National Bank Financial raised Cargojet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 13th. Royal Bank of Canada cut their price target on shares of Cargojet from C$184.00 to C$182.00 and set an “outperform” rating on the stock in a report on Tuesday, May 14th. Scotiabank raised Cargojet from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 14th. Finally, National Bankshares upgraded Cargojet from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$132.00 to C$154.00 in a research note on Friday, June 14th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$154.45.

Cargojet Company Profile

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.