Cargojet (TSE: CJT) has recently received a number of price target changes and ratings updates:

  • 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 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 Royal Bank Of Canada from C$57.00 to C$60.00. They now have an “outperform” rating on the stock.

Cargojet Inc (TSE CJT) opened at C$53.30 on Monday. Cargojet Inc has a 1 year low of C$42.72 and a 1 year high of C$54.70.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Wednesday, December 20th will be issued a $0.192 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Tuesday, December 19th. Cargojet’s payout ratio is presently 78.39%.

In related news, insider George Stephen Sugar sold 6,296 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of C$51.00, for a total value of C$321,096.00. Also, insider Ajay Kumar Virmani sold 9,500 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of C$50.46, for a total transaction of C$479,370.00. Over the last ninety days, insiders sold 28,493 shares of company stock valued at $1,441,676.

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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