According to the information from Bloomberg Ratings, the twelve analysts that keep an eye on Cargojet Inc. (TSE: CJT) have collectively assigned the company a rating of “Hold” as their consensus recommendation. Three of the financial analysts polled gave the stock a buy recommendation, while four gave the company a hold rating. In addition, brokerages have set the price target for the stock over the coming year following the stock in the preceding year at a mean of 206.55 Canadian Dollars. The brokerages set this price objective.
CJT has been the focus of attention in several academic papers published in recent years. In a report on Friday, July 15, National Bankshares indicated that their price target for Cargojet had been lowered. The new price target has been set at 158.00 Canadian dollars, and the investment bank has assigned the company a rating of “sector perform.” A research report made public on Thursday, July 28, by ATB Capital stated that the price objective they had set for Cargojet had been reduced from C$230.00 to C$200.00. The report was written in response to Cargojet’s recent stock price drop. In a research note distributed by BMO Capital Markets on June 16, 2014, the stock of Cargojet was rated as “hold,” and a price target of C$165 was established for the stock. In a research report that was made public on Thursday, July 28, TD Securities moved Cargojet from a “hold” rating to a “buy” rating and increased their price objective for the company from C$195.00 to C$200.00. In a report made public on Thursday, July 28, the Royal Bank of Canada lowered its “outperform” rating and its target price for Cargojet, which had previously been set at C$302.00. The new target price is $287.00.
When trading started on Friday, the share price of Cargojet was 111.82 Canadian dollars per share. The organization has a debt-to-equity ratio of 70.77, a quick ratio of 0.83, and a current ratio of 1.05, all of which are liquidity ratios. The price-to-earnings ratio for the company is 10.15, and its market value is 1.93 billion Canadian dollars. Both of these metrics indicate that the company is valuable. The company’s simple moving averages for the past 50 days are currently sitting at a value of C$140.47, and the simple moving average for the past 200 days is currently sitting at a value of C$148.19. Cargojet’s stock price has reached a 52-week high of 210.10 Canadian dollars and a 52-week low of 109.69 Canadian dollars during the past year.
Cargojet (TSE: CJT) made its most recent quarterly earnings report available for public consumption on July 27 after presenting it and making it available that day. The company’s quarterly earnings came in at 1.51 Canadian dollars per share, which was 0.19 Canadian dollars less than the general forecast of 1.70 Canadian dollars. In addition, theIn addition, the company announced that it had sales of C$246.70 million for the quarter, which is significantly higher than the projections of C$236.20 million that the analysts made. As a result, equity analysts think that Cargojet will make a profit of $7.4599996 per share during the current fiscal year.
The company has also announced that it will pay a quarterly dividend to its shareholders, and that dividend payment is scheduled to take place on Wednesday, October 5. On Wednesday, October 5, record holders of the stock will be entitled to receive a $0.286 dividend payment. This payment will be made. This equates to a dividend payment of $1.14 annually and a dividend yield of 1.02%. Both of these figures can be found in the table below. On Monday, September 19, the date that will no longer count to accrue dividends, will take effect. As a result, the dividend payout ratio for Cargojet now stands at 9.67% of total earnings per share.
On August 10, director Jamie Bennett Porteous sold 730 shares of the company’s stock, which brings us to another relevant piece of information. The transaction resulted in a total value of 112,047.70 Canadian dollars due to the sale of the shares at an average price of 153.49. As a result, the director now directly owns 1,157 company shares, which have a combined value of C$177,587.93 as a direct result of the sale.
Cargojet Inc. is a Canadian company that operates as an overnight air cargo transporter for time-sensitive shipments. In addition to offering dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis between locations in Canada, North and South America, and Europe, it also operates domestic air cargo network services connecting fourteen cities in North America. This is in addition to providing dedicated aircraft to customers between locations in Canada, North and South America, and Europe. This also provides customers with dedicated aircraft on an ACMI basis between locations in Canada, North America, South America, and Europe.
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