A number of firms have modified their ratings and price targets on shares of Cargojet (TSE: CJT) recently:

  • 11/14/2017 – Cargojet had its price target raised by analysts at National Bank Financial from C$53.00 to C$55.00. They now have a “sector perform” rating on the stock.
  • 11/14/2017 – Cargojet had its price target raised by analysts at Acumen Capital from C$56.00 to C$60.00.
  • 11/14/2017 – Cargojet had its price target raised by analysts at CIBC from C$56.00 to C$60.00.
  • 11/14/2017 – Cargojet had its price target raised by analysts at Royal Bank Of Canada from C$57.00 to C$60.00. They now have an “outperform” rating on the stock.

Cargojet Inc (CJT) traded up C$0.58 during trading on Friday, reaching C$54.12. 10,143 shares of the company traded hands, compared to its average volume of 25,625. Cargojet Inc has a one year low of C$42.72 and a one year high of C$54.50.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Wednesday, December 20th will be issued a dividend of $0.192 per share. This represents a $0.77 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, December 19th. Cargojet’s dividend payout ratio (DPR) is currently 76.56%.

In other Cargojet news, insider Ajay Kumar Virmani sold 7,366 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of C$50.31, for a total transaction of C$370,583.46. Also, insider George Stephen Sugar sold 1,431 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of C$50.75, for a total transaction of C$72,623.25. Over the last ninety days, insiders have sold 33,827 shares of company stock valued at $1,700,055.

Cargojet Inc is a provider of time sensitive overnight air cargo services. The Company’s cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations.

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