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

Cargojet Inc. (TSE:CJT) declared a quarterly dividend on Friday, December 20th,TickerTech Dividends reports. Stockholders of record on Friday, January 3rd will be paid a dividend of 0.35 per share on Friday, January 3rd. This represents a $1.40 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Friday, December 20th.

Cargojet Stock Performance

TSE:CJT opened at C$108.02 on Wednesday. The stock has a 50-day moving average price of C$128.16 and a 200 day moving average price of C$127.88. The company has a current ratio of 0.59, a quick ratio of 0.79 and a debt-to-equity ratio of 99.84. Cargojet has a 12-month low of C$104.20 and a 12-month high of C$144.97. The stock has a market capitalization of C$1.74 billion, a P/E ratio of -113.71 and a beta of 0.91.

Wall Street Analyst Weigh In

Several research firms have recently commented on CJT. Canaccord Genuity Group boosted their target price on shares of Cargojet from C$160.00 to C$165.00 in a report on Wednesday, November 6th. TD Securities dropped their price objective on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating for the company in a report on Thursday, November 21st. CIBC lifted their target price on Cargojet from C$172.00 to C$177.00 in a report on Wednesday, December 4th. ATB Capital decreased their target price on Cargojet from C$165.00 to C$155.00 in a research report on Wednesday, November 6th. Finally, National Bankshares raised their price target on Cargojet from C$154.00 to C$158.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$159.27.

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.