Cargojet Inc. (TSE:CJT – Get Free Report) 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 – Get Free Report) 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
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.
Check Out Our Latest Stock Report on Cargojet
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.
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