Cargojet Inc. (TSE:CJT) Senior Officer Paul David Rinaldo Sells 1,500 Shares

Cargojet Inc. (TSE:CJT) Senior Officer Paul David Rinaldo sold 1,500 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of C$133.25, for a total value of C$199,875.00.

Cargojet Price Performance

Cargojet stock opened at C$133.54 on Wednesday. Cargojet Inc. has a one year low of C$76.50 and a one year high of C$135.67. The business has a fifty day moving average price of C$116.57 and a 200-day moving average price of C$115.31. The company has a debt-to-equity ratio of 85.77, a current ratio of 0.96 and a quick ratio of 0.79. The firm has a market capitalization of C$2.20 billion, a P/E ratio of 57.07 and a beta of 1.00.

Cargojet (TSE:CJT) last posted its quarterly earnings data on Monday, April 29th. The company reported C$1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.71 by C$1.15. The company had revenue of C$231.20 million during the quarter, compared to analyst estimates of C$233.80 million. Cargojet had a return on equity of 4.78% and a net margin of 4.48%. As a group, equities research analysts forecast that Cargojet Inc. will post 4.4768237 EPS for the current year.

Cargojet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, July 5th will be paid a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 0.94%. The ex-dividend date is Thursday, June 20th. Cargojet’s dividend payout ratio is 53.85%.

Analyst Ratings Changes

A number of analysts recently commented on the company. National Bankshares raised 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 report on Friday, June 14th. Acumen Capital raised their target price on Cargojet from C$160.00 to C$165.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Scotiabank raised Cargojet from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 14th. BMO Capital Markets raised their target price on Cargojet from C$110.00 to C$115.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 27th. Finally, CIBC raised their target price on Cargojet from C$159.00 to C$172.00 and gave the stock an “outperform” rating in a research report on Monday. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Cargojet has an average rating of “Buy” and a consensus target price of C$154.45.

About Cargojet

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.