Cargojet Inc (TSE:CJT) Director Jamie Bennett Porteous sold 6,000 shares of the business’s stock in a transaction dated Monday, March 26th. The stock was sold at an average price of C$68.05, for a total transaction of C$408,300.00.
Jamie Bennett Porteous also recently made the following trade(s):
- On Wednesday, March 28th, Jamie Bennett Porteous sold 1,600 shares of Cargojet stock. The stock was sold at an average price of C$67.18, for a total transaction of C$107,488.00.
TSE CJT opened at C$66.31 on Friday. Cargojet Inc has a 52-week low of C$42.72 and a 52-week high of C$69.49.
Cargojet (TSE:CJT) last posted its earnings results on Monday, March 12th. The company reported C$0.81 earnings per share for the quarter, topping the consensus estimate of C$0.67 by C$0.14. The firm had revenue of C$118.20 million during the quarter, compared to the consensus estimate of C$100.15 million. Cargojet had a net margin of 6.26% and a return on equity of 16.62%.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Shareholders of record on Thursday, April 5th were given a dividend of $0.212 per share. The ex-dividend date of this dividend was Tuesday, March 20th. This is a positive change from Cargojet’s previous quarterly dividend of $0.19. This represents a $0.85 annualized dividend and a yield of 1.28%.
Several equities analysts recently commented on the stock. National Bank Financial increased their price objective on shares of Cargojet from C$55.00 to C$65.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 13th. Royal Bank of Canada increased their price objective on shares of Cargojet from C$71.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 13th. Acumen Capital increased their price objective on shares of Cargojet from C$60.00 to C$65.00 in a research report on Friday, January 19th. Finally, CIBC increased their target price on shares of Cargojet from C$60.00 to C$62.00 in a research note on Thursday, January 4th.
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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