Cargojet (TSE:CJT) Shares Pass Above 200 Day Moving Average – Should You Sell?

Cargojet Inc. (TSE:CJT) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$89.68 and traded as high as C$94.75. Cargojet shares last traded at C$92.96, with a volume of 163,985 shares changing hands.

Wall Street Analysts Forecast Growth

CJT has been the subject of several recent research reports. Royal Bank Of Canada lowered their price objective on Cargojet from C$151.00 to C$143.00 and set an “outperform” rating for the company in a research report on Monday, December 22nd. CIBC lowered their price target on shares of Cargojet from C$142.00 to C$132.00 in a report on Wednesday, October 8th. Scotiabank increased their price target on shares of Cargojet from C$105.00 to C$115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Stifel Nicolaus cut their price target on shares of Cargojet from C$120.00 to C$100.00 in a report on Monday, November 10th. Finally, TD Securities lowered their price objective on shares of Cargojet from C$160.00 to C$120.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat, Cargojet currently has a consensus rating of “Buy” and a consensus target price of C$127.62.

Cargojet Price Performance

The stock has a market capitalization of C$1.40 billion, a P/E ratio of 11.81 and a beta of 0.79. The firm has a fifty day moving average price of C$85.05 and a two-hundred day moving average price of C$89.58. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69.

Cargojet (TSE:CJT) last issued its earnings results on Wednesday, November 5th. The company reported C$0.32 EPS for the quarter. The business had revenue of C$219.90 million for the quarter. Cargojet had a return on equity of 0.31% and a net margin of 0.25%. On average, analysts expect that Cargojet Inc. will post 5.890933 EPS for the current year.

Cargojet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Monday, January 5th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, December 19th. Cargojet’s dividend payout ratio is currently 17.79%.

About Cargojet

Cargojet Inc operates a domestic air cargo co-load network between sixteen major Canadian cities. The company provides dedicated aircraft to customers on an Aircraft, Crew, Maintenance and Insurance basis, operating between points in Canada, USA, Mexico and Europe. The company also operates scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada, UK and Germany; and between Canada and Mexico.