According to information from Bloomberg, the twelve brokerages that offer coverage for Cargojet Inc. (TSE: CJT) have given the company’s shares an average rating of “Hold” among their company recommendations. Three professionals in the business have suggested to investors that they purchase company shares, while four others have indicated that they maintain their current claims. Brokers that covered the firm throughout the previous year have set an average price objective for the company of 206.55 Canadian dollars for the next twelve months. Research on CJT has been made public fairly lately and has come from various research companies. On Thursday, July 28, the Royal Bank of Canada disseminated the findings of a research study that they had conducted on Cargojet. The stock was given an “outperform” rating, while the target price was lowered from C$302.00 to C$287.00. In a study distributed by BMO Capital Markets on June 16, 2014, the company Cargojet was assigned a rating of “hold,” and the target price was determined to be C$165.
National Bankshares reduced Cargojet’s price objective in a research report published on Friday, July 15. The new price goal is C$158, down from C$185 before. In addition, they assigned the stock a rating of “sector performs.” TD Securities moved Cargojet from a “hold” rating to a “buy” rating in a research report published on Thursday, July 28. Additionally, they increased their target price for the company from CAD 195.00 to CAD 200.00. And finally, the Canadian Imperial Bank of Commerce (CIBC) stated in a research note released on Thursday, July 28, that they were upgrading their price target for Cargojet from C$207.00 to C$210.00. Cargojet stock began trading for the first time on Tuesday for 141.69 Canadian dollars per share. Cargojet reached its all-time high of 214.50 Canadian dollars one year ago and its all-time low of 115.89 Canadian dollars one year ago. The price of a share of the company’s stock is now trading at a fifty-day moving average of 143.95 Canadian dollars and a 200-day moving average of 154.03 Canadian dollars, respectively.
The firm has a debt-to-equity ratio of 70.77, a quick ratio of 0.83, and a current ratio of 1.05, all of which are liquidity ratios. The stock has a market value of 2.44 billion Canadian dollars and a price-to-earnings ratio of 12.86. Additionally, the stock has a market capitalization of C$1 million. Cargojet (TSE: CJT), the most recent firm to publish its earnings, did so on July 27. It is listed on the Toronto Stock Exchange. Earnings per share (EPS) for the quarter were 1.51 Canadian dollars, which was $0.19 less than the forecasts made by analysts, who anticipated an EPS of 1.70 Canadian dollars. In other words, the actual EPS came in at 1.51 Canadian dollars. The final tally for the quarter’s sales was C$246.70 million, significantly higher than the projection of C$236.20 million provided by the experts.
According to the research carried out by professionals in the field of study, the earnings projection for Cargojet for this year is 7.4600002 cents per share. In addition, the company recently announced the payment of a quarterly dividend, carried out on July 5. On Tuesday, July 5, $0.286 dividend payments per share were made to shareholders recorded in the company’s books. There was a distribution of these items. That results in the investment producing a yield of 0.81% and an annual dividend payment of $1.14. We may conclude that this is an increase over the previous quarterly remuneration from Cargojet, which was $0.26 because it was the last sum. Beginning on June 17, investors have the opportunity to cash in on this payout.
The dividend payout ratio, often referred to as the DPR, for Cargojet is currently at 9.67%. In related news about this topic, Director Jamie Bennett Porteous sold 730 shares of the company’s stock on August 10. The stock was purchased and sold on the open market for C$112,047.70, equivalent to C$103.49 per share. Because of the sale, the director owns 1,157 company shares, with a combined value of about $77,000.93. Cargojet Inc. is a business that serves customers’ needs in the Canadian market by providing time-sensitive overnight air freight services. In addition to offering dedicated aircraft to customers on a plane, crew, maintenance, and insurance (ACMI) basis between locations in Canada, North and South America, and Europe, it also operates domestic air cargo network services connecting fourteen cities in North America. That is in addition to providing dedicated aircraft to customers between locations in Canada, North and South America, and Europe. In addition, we will also offer our customers their private planes for travel between Canada, the United States of North and South America, and Europe.