Cargojet Inc. (TSE:CJT) Director Jamie Bennett Porteous sold 1,440 shares of the company’s stock in a transaction on Thursday, June 17th. The shares were sold at an average price of C$176.55, for a total transaction of C$254,232.00. Following the transaction, the director now owns 1,152 shares of the company’s stock, valued at C$203,385.60.
Jamie Bennett Porteous also recently made the following trade(s):
- On Tuesday, June 15th, Jamie Bennett Porteous acquired 1,440 shares of Cargojet stock. The stock was acquired at an average price of C$176.55 per share, with a total value of C$254,232.00.
CJT opened at C$176.43 on Friday. The stock has a 50-day moving average price of C$178.62. The company has a current ratio of 2.06, a quick ratio of 1.87 and a debt-to-equity ratio of 72.21. Cargojet Inc. has a twelve month low of C$150.58 and a twelve month high of C$250.01. The company has a market cap of C$3.06 billion and a price-to-earnings ratio of 824.44.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 5th. Shareholders of record on Monday, July 5th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Monday, June 21st. Cargojet’s dividend payout ratio is currently 485.98%.
A number of equities analysts have recently issued reports on the stock. ATB Capital increased their price objective on shares of Cargojet from C$225.00 to C$230.00 and gave the company an “outperform” rating in a research note on Tuesday, May 4th. Cormark restated an “outperform” rating on shares of Cargojet in a research note on Thursday, March 4th. Canaccord Genuity dropped their price objective on shares of Cargojet from C$250.00 to C$200.00 in a research note on Tuesday, March 2nd. National Bankshares dropped their price objective on shares of Cargojet from C$231.00 to C$226.00 in a research note on Tuesday, May 4th. Finally, CIBC reaffirmed an “outperform” rating and issued a C$245.00 target price on shares of Cargojet in a report on Monday, May 3rd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$245.77.
Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic overnight air cargo services between fourteen cities in North America; 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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