Cargojet (CJT) Hits New 52-Week Low at $64.88
Shares of Cargojet Inc (TSE:CJT) reached a new 52-week low on Thursday . The company traded as low as C$64.88 and last traded at C$64.88, with a volume of 11440 shares traded. The stock had previously closed at C$65.72.
A number of analysts have weighed in on the company. National Bank Financial increased their target price on Cargojet from C$55.00 to C$65.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 13th. CIBC increased their target price on Cargojet from C$62.00 to C$74.00 in a research note on Tuesday, March 13th. Royal Bank of Canada increased their target price on Cargojet from C$71.00 to C$74.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 13th. Finally, Acumen Capital increased their target price on Cargojet from C$60.00 to C$65.00 in a research note on Friday, January 19th.
Cargojet (TSE:CJT) last announced its quarterly earnings results on Monday, March 12th. The company reported C$0.81 EPS for the quarter, beating the consensus estimate of C$0.67 by C$0.14. The firm had revenue of C$118.20 million for the quarter, compared to analyst estimates of C$100.15 million. Cargojet had a return on equity of 16.62% and a net margin of 6.26%.
In other news, insider George Stephen Sugar sold 3,983 shares of the firm’s stock in a transaction on Thursday, March 29th. The stock was sold at an average price of C$67.59, for a total transaction of C$269,210.97. Also, insider Paul David Rinaldo sold 5,450 shares of the firm’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of C$67.00, for a total value of C$365,150.00. In the last 90 days, insiders have sold 17,033 shares of company stock worth $1,150,149.
Cargojet Company Profile
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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