Cargojet (CJT) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cargojet in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CJT shares.
View CJT analyst ratings or view top-rated stocks.

7 Wall Street analysts have issued 1 year target prices for Cargojet's stock. Their CJT share price forecasts range from C$110.00 to C$187.00. On average, they anticipate the company's stock price to reach C$143.27 in the next year. This suggests a possible upside of 57.3% from the stock's current price.
View analysts price targets for CJT or view top-rated stocks among Wall Street analysts.

Cargojet's stock was trading at C$116.35 on January 1st, 2023. Since then, CJT shares have decreased by 21.7% and is now trading at C$91.10.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our CJT earnings forecast.

Cargojet Inc. (TSE:CJT) issued its quarterly earnings results on Monday, August, 14th. The company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.10 by $0.19. The business earned $209.70 million during the quarter, compared to analyst estimates of $229.40 million. Cargojet had a net margin of 15.69% and a trailing twelve-month return on equity of 18.01%.

Cargojet announced a quarterly dividend on Monday, September 18th. Investors of record on Wednesday, September 20th will be paid a dividend of 0.286 per share on Thursday, October 5th. This represents a $1.14 annualized dividend and a yield of 1.26%. The ex-dividend date is Tuesday, September 19th.
Read our dividend analysis for CJT.

Cargojet (TSE:CJT) pays an annual dividend of C$1.14 per share and currently has a dividend yield of 1.18%. The dividend payout ratio is 14.39%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CJT.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cargojet investors own include Air Canada (AC), Toronto-Dominion Bank (TD), Enbridge (ENB), Royal Bank of Canada (RY), Alimentation Couche-Tard (ATD.B), Lightspeed Commerce (LSPD), Shopify (SHOP), Brookfield Asset Management (BAM) and CENTRIC HEALTH (CHH).

Cargojet trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CJT."

Shares of CJT stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

One share of CJT stock can currently be purchased for approximately C$91.10.

Cargojet (TSE:CJT) has a market capitalization of C$1.57 billion and generates C$941.30 million in revenue each year. The company earns C$147.70 million in net income (profit) each year or C$7.92 on an earnings per share basis.

The company employs 1,817 workers across the globe.

Cargojet's mailing address is 6-350 Britannia Rd E, MISSISSAUGA, ON L4Z 1X9, Canada. The official website for the company is www.cargojet.com. The company can be reached via phone at +1-905-5017373.