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

Cargojet Inc. (TSE:CJT) declared a quarterly dividend on Thursday, March 20th, RTT News reports. Shareholders of record on Friday, April 4th will be given a dividend of 0.35 per share on Friday, April 4th. This represents a $1.40 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Thursday, March 20th.

Cargojet Price Performance

CJT stock opened at C$87.07 on Tuesday. The company has a market capitalization of C$1.39 billion, a P/E ratio of 611.06 and a beta of 0.91. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56. Cargojet has a 52-week low of C$82.85 and a 52-week high of C$144.97. The business has a 50-day simple moving average of C$108.28 and a two-hundred day simple moving average of C$119.66.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CJT shares. Canaccord Genuity Group boosted their target price on Cargojet from C$165.00 to C$173.00 in a research note on Wednesday, February 19th. TD Securities cut their target price on Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Royal Bank of Canada boosted their target price on Cargojet from C$189.00 to C$193.00 in a research note on Wednesday, February 19th. CIBC dropped their price objective on Cargojet from C$177.00 to C$163.00 in a research note on Wednesday, February 19th. Finally, National Bankshares dropped their price objective on Cargojet from C$158.00 to C$151.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Cargojet presently has an average rating of “Buy” and a consensus price target of C$162.80.

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.