National Bank Financial Forecasts Cargojet FY2026 Earnings

Cargojet Inc. (TSE:CJT - Free Report) - Investment analysts at National Bank Financial boosted their FY2026 earnings estimates for Cargojet in a research note issued on Monday, July 14th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings per share of $6.53 for the year, up from their prior estimate of $6.13. The consensus estimate for Cargojet's current full-year earnings is $5.89 per share.

Other analysts have also recently issued research reports about the stock. CIBC dropped their price objective on shares of Cargojet from C$163.00 to C$150.00 in a research note on Thursday, April 10th. Stifel Nicolaus set a C$125.00 target price on shares of Cargojet and gave the company a "buy" rating in a research report on Thursday, June 12th. Stifel Canada upgraded shares of Cargojet to a "strong-buy" rating in a research report on Wednesday, June 11th. Scotiabank dropped their target price on shares of Cargojet from C$165.00 to C$139.00 and set an "outperform" rating for the company in a research report on Wednesday, April 2nd. Finally, BMO Capital Markets dropped their target price on shares of Cargojet from C$120.00 to C$95.00 in a research report on Tuesday, April 15th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$148.50.

Cargojet Stock Performance

Shares of CJT stock traded down C$1.36 during midday trading on Thursday, hitting C$101.58. 56,589 shares of the company were exchanged, compared to its average volume of 91,076. The firm has a market capitalization of C$1.63 billion, a P/E ratio of 712.90 and a beta of 0.91. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56. The firm's 50 day moving average price is C$96.78 and its two-hundred day moving average price is C$96.70. Cargojet has a 52 week low of C$69.60 and a 52 week high of C$144.97.

Cargojet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 4th. Investors of record on Friday, July 4th were given a dividend of $0.35 per share. The ex-dividend date was Friday, June 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.38%. Cargojet's payout ratio is presently 982.53%.

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.