Cargojet (TSE:CJT) Senior Officer Pauline Dhillon sold 10,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of C$103.23, for a total value of C$1,032,330.00. Following the sale, the insider now owns 6,109 shares of the company’s stock, valued at C$630,650.40.
CJT traded up C$0.18 during trading on Friday, hitting C$94.21. 32,700 shares of the company’s stock traded hands, compared to its average volume of 43,381. The stock has a market capitalization of $1.27 billion and a price-to-earnings ratio of 82.79. Cargojet has a 12-month low of C$65.25 and a 12-month high of C$109.00. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 413.78. The company’s 50 day simple moving average is C$98.15 and its two-hundred day simple moving average is C$87.71.
Cargojet (TSE:CJT) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.17 by C$0.15. The firm had revenue of C$119.10 million during the quarter, compared to analysts’ expectations of C$118.08 million. On average, equities analysts expect that Cargojet will post 1.53 EPS for the current year.
A number of research analysts have commented on the company. AltaCorp Capital upped their price target on Cargojet from C$95.00 to C$110.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. National Bank Financial upped their price target on Cargojet from C$94.00 to C$105.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. CIBC increased their target price on Cargojet from C$102.00 to C$115.00 in a research report on Tuesday, August 27th. Laurentian lowered Cargojet from a “buy” rating to a “hold” rating and increased their target price for the stock from C$102.00 to C$108.00 in a research report on Monday, August 26th. Finally, Royal Bank of Canada increased their target price on Cargojet from C$119.00 to C$136.00 and gave the stock an “outperform” rating in a research report on Monday, August 26th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Cargojet has a consensus rating of “Hold” and a consensus target price of C$110.50.
Cargojet Company Profile
Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic overnight air cargo co-load network between 14 cities in Canada; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.
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