Cargojet Inc (TSE:CJT) insider Paul David Rinaldo sold 5,450 shares of the company’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of C$67.00, for a total transaction of C$365,150.00.
Shares of Cargojet stock opened at C$68.34 on Thursday. Cargojet Inc has a fifty-two week low of C$42.72 and a fifty-two week high of C$69.40. The firm has a market cap of $905.82, a PE ratio of 71.19 and a beta of 1.38.
Cargojet (TSE:CJT) last issued its quarterly earnings data on Monday, March 12th. The company reported C$0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.67 by C$0.14. Cargojet had a net margin of 6.26% and a return on equity of 16.62%. The business had revenue of C$118.20 million during the quarter, compared to the consensus estimate of C$100.15 million.
A number of research firms recently weighed in on CJT. National Bank Financial upped their target price on shares of Cargojet from C$55.00 to C$65.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 13th. Royal Bank of Canada upped their target price on shares of Cargojet from C$71.00 to C$74.00 and gave the stock an “outperform” rating in a report on Tuesday, March 13th. Acumen Capital upped their target price on shares of Cargojet from C$60.00 to C$65.00 in a report on Friday, January 19th. Finally, CIBC upped their target price on shares of Cargojet from C$60.00 to C$62.00 in a report 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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