Cargojet Inc. (TSE:CJT) Declares Quarterly Dividend of $0.39

Cargojet Inc. (TSE:CJT) declared a quarterly dividend on Friday, March 20th, TickerTech Dividends reports. Investors of record on Thursday, April 2nd will be paid a dividend of 0.385 per share on Thursday, April 2nd. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, March 20th. This is a 10.0% increase from Cargojet’s previous quarterly dividend of $0.35.

Cargojet Stock Performance

Shares of CJT stock opened at C$86.94 on Wednesday. The stock has a fifty day moving average price of C$92.73 and a 200 day moving average price of C$87.67. The company has a debt-to-equity ratio of 155.48, a quick ratio of 0.79 and a current ratio of 1.23. The stock has a market cap of C$1.30 billion, a PE ratio of 16.59 and a beta of 0.70. Cargojet has a 1 year low of C$65.60 and a 1 year high of C$113.89.

Cargojet (TSE:CJT) last posted its earnings results on Tuesday, February 24th. The company reported C$1.47 earnings per share for the quarter. Cargojet had a return on equity of 10.73% and a net margin of 8.08%.The company had revenue of C$284.70 million for the quarter. Sell-side analysts forecast that Cargojet will post 5.890933 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. BMO Capital Markets boosted their price objective on shares of Cargojet from C$90.00 to C$94.00 and gave the stock a “market perform” rating in a research report on Thursday, February 26th. Royal Bank Of Canada dropped their target price on shares of Cargojet from C$151.00 to C$143.00 and set an “outperform” rating for the company in a report on Monday, December 22nd. Desjardins lifted their target price on shares of Cargojet from C$117.00 to C$126.00 in a research report on Thursday, February 26th. National Bank Financial upped their price target on shares of Cargojet from C$95.00 to C$108.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Finally, Stifel Nicolaus increased their price target on shares of Cargojet from C$100.00 to C$120.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Cargojet presently has an average rating of “Moderate Buy” and a consensus target price of C$125.45.

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.