TSE:CJT Cargojet (CJT) Stock Forecast, Price & News C$90.08 +0.18 (+0.20%) (As of 09/27/2023 ET) Add Compare Share Share Today's RangeC$88.47▼C$91.1950-Day RangeC$89.90▼C$103.3852-Week RangeC$88.47▼C$143.61Volume51,772 shsAverage Volume57,257 shsMarket CapitalizationC$1.55 billionP/E Ratio11.37Dividend Yield1.27%Price TargetC$144.64 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesSocial Media Cargojet MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside59.1% UpsideC$143.27 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment-0.24Based on 6 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.12 out of 5 stars 3.3 Analyst's Opinion Consensus RatingCargojet has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$143.27, Cargojet has a forecasted upside of 59.1% from its current price of C$90.08.Amount of Analyst CoverageCargojet has only been the subject of 4 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for CJT. Previous Next 1.7 Dividend Strength Dividend YieldCargojet pays a meaningful dividend of 1.18%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCargojet does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Cargojet is 14.39%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CJT. Previous Next 2.1 News and Social Media Coverage News SentimentCargojet has a news sentiment score of -0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.37 average news sentiment score of Industrials companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Cargojet this week, compared to 1 article on an average week.Search Interest8 people have searched for CJT on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat Follows3 people have added Cargojet to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cargojet insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.65% of the stock of Cargojet is held by insiders.Percentage Held by Institutions50.30% of the stock of Cargojet is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Cargojet is 11.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.58.Price to Earnings Ratio vs. SectorThe P/E ratio of Cargojet is 11.37, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 484.70.Price to Book Value per Share RatioCargojet has a P/B Ratio of 1.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Cargojet (TSE:CJT) StockCargojet Inc. provides time sensitive overnight air cargo services in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe. The company also operates scheduled international routes for various cargo customers between the United States and Bermuda; and between Canada, the United Kingdom, and Germany. In addition, it offers aircraft to customers on an ad hoc charter basis operating between points in Canada, the United States, and other international destinations; and specialty charter services for livestock shipments, military equipment movements, emergency relief supplies, and virtually large shipments across North America, South America, the Caribbean, and Europe. Further, the company is involved in the aircraft operation and maintenance, flight planning and dispatch, crew planning and training, ground handling, and commercial airline cargo management businesses. As of December 31, 2022, it operated a fleet of 39 aircraft. The company was founded in 2001 and is headquartered in Mississauga, Canada.Read More CJT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CJT Stock News HeadlinesSeptember 28, 2023 | americanbankingnews.comCargojet (TSE:CJT) Price Target Cut to C$136.00 by Analysts at ScotiabankSeptember 28, 2023 | americanbankingnews.comCargojet (TSE:CJT) Price Target Cut to C$170.00 by Analysts at TD SecuritiesSeptember 28, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.September 28, 2023 | americanbankingnews.comCargojet (TSE:CJT) Hits New 12-Month Low After Analyst DowngradeSeptember 27, 2023 | americanbankingnews.comCargojet (TSE:CJT) Price Target Lowered to C$187.00 at Royal Bank of CanadaSeptember 23, 2023 | msn.comBuy the Dip: 3 Stocks to Buy Today for a Big Profit in 5 YearsSeptember 19, 2023 | markets.businessinsider.comTSX Ends Sharply Lower As Stocks Fall After Inflation Data Fuels Rate ConcernsSeptember 19, 2023 | americanbankingnews.comCargojet (TSE:CJT) Shares Cross Below 200-Day Moving Average of $102.07September 28, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...September 15, 2023 | msn.comWhy Cargojet Stock is the Best Deal on the MarketSeptember 12, 2023 | finance.yahoo.comIs Now The Time To Look At Buying Cargojet Inc. (TSE:CJT)?September 11, 2023 | msn.comNew Investors? Buy These 2 Growth StocksSeptember 6, 2023 | theglobeandmail.comClosing Bell: Cargojet Inc 5.25 Pct Debs up on Tuesday (CJT-DB-F)August 16, 2023 | msn.comCargojet Stock: Buy, Sell, or Hold?August 14, 2023 | finance.yahoo.comCOVID cost initiative boosts Cargojet margins despite drop in volumesAugust 14, 2023 | msn.comCargojet Stock (TSE:CJT) Flies after Q2 Earnings BeatAugust 12, 2023 | msn.comSaving for a Down Payment? These 3 Stocks Can HelpAugust 6, 2023 | theglobeandmail.comClosing Bell: Cargojet Inc down on Friday (CJT)August 5, 2023 | theglobeandmail.comClosing Bell: Cargojet Inc 5.25 Pct Debs up on Friday (CJT-DB-F)July 22, 2023 | theglobeandmail.comCargojet: Stocks Undervalued by Analyst Consensus on TSX (CJT)July 12, 2023 | ca.finance.yahoo.comInvestors Are Warming Up to Stocks Again: Here Are 3 to Get Excited AboutJune 27, 2023 | finance.yahoo.comCargojet (TSE:CJT) Has More To Do To Multiply In Value Going ForwardJune 9, 2023 | msn.comShould Investors Have Cargojet Stock on Their Watchlist?June 9, 2023 | msn.comSCOTIABANK GBM Maintains Cargojet (TSX:CJT) Outperform RecommendationJune 9, 2023 | finance.yahoo.comCargojet (TSE:CJT) Has Announced A Dividend Of CA$0.286May 25, 2023 | finance.yahoo.comCargojet (TSE:CJT) Is Paying Out A Dividend Of CA$0.286May 24, 2023 | theglobeandmail.comClosing Bell: Cargojet Inc 5.75 Pct Debs up on Tuesday (CJT-DB-D)See More Headlines Receive CJT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cargojet and its competitors with MarketBeat's FREE daily newsletter. Email Address CJT Company Calendar Ex-Dividend for 7/5 Dividend6/19/2023Dividend Payable7/05/2023Last Earnings8/14/2023Ex-Dividend for 10/5 Dividend9/19/2023Today9/28/2023Dividend Payable10/05/2023Next Earnings (Estimated)10/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Integrated Freight & Logistics Sub-IndustryN/A SectorIndustrials Current SymbolTSE:CJT CUSIPN/A CIKN/A Webwww.cargojet.com Phone+1-905-5017373FaxN/AEmployees1,817Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$143.27 High Stock Price ForecastC$187.00 Low Stock Price ForecastC$110.00 Forecasted Upside/Downside+60.6%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)C$7.92 Trailing P/E Ratio11.37 Forward P/E Ratio18.49 P/E GrowthN/ANet IncomeC$147.70 million Net Margins15.69% Pretax MarginN/A Return on Equity18.01% Return on Assets4.31% Debt Debt-to-Equity Ratio82.01 Current Ratio0.73 Quick Ratio0.79 Sales & Book Value Annual SalesC$941.30 million Price / Sales1.65 Cash FlowC$0.26 per share Price / Cash Flow347.16 Book ValueC$51.35 per share Price / Book1.75Miscellaneous Outstanding Shares17,210,000Free FloatN/AMarket CapC$1.55 billion OptionableNot Optionable Beta0.89 10 Best Stocks to Own in 2023Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2023 and why they should be in your portfolio. Get This Free Report Key ExecutivesDr. Ajay Kumar Virmani MBA (Age 67)Founder, CEO, Pres & Director Comp: $3.2MMr. Scott D. CalverChief Financial OfficerMr. Jamie Bennett PorteousChief Strategy OfficerMr. Paul David RinaldoSr. VP of Fleet Management & Support ServicesMs. Pauline DhillonChief Corp. OfficerMr. Sanjeev MainiVP of Fin.Ms. Anju Virmani (Age 68)Chief Information Officer Mr. Fernando GarciaVP of Legal & Corp. GovernanceMr. George SugarSr. VP of Regulatory ComplianceMr. John Kim CPACA, ConsultantMore ExecutivesKey CompetitorsAndlauer Healthcare GroupTSE:ANDBrookfield Business PartnersTSE:BBU.UNWestshore Terminals InvestmentTSE:WTEBallard Power SystemsTSE:BLDPBadger DaylightingTSE:BADView All Competitors CJT Stock - Frequently Asked Questions Should I buy or sell Cargojet stock right now? 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cargojet in the last year. 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. What is Cargojet's stock price forecast for 2023? 7 Wall Street research analysts have issued 1-year price targets 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 59.1% from the stock's current price. View analysts price targets for CJT or view top-rated stocks among Wall Street analysts. How have CJT shares performed in 2023? Cargojet's stock was trading at C$116.35 at the start of the year. Since then, CJT shares have decreased by 22.6% and is now trading at C$90.08. View the best growth stocks for 2023 here. When is Cargojet's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023. View our CJT earnings forecast. How were Cargojet's earnings last quarter? Cargojet Inc. (TSE:CJT) announced its quarterly earnings results on Monday, August, 14th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by $0.19. The company had revenue of $209.70 million for the quarter, compared to the consensus estimate of $229.40 million. Cargojet had a net margin of 15.69% and a trailing twelve-month return on equity of 18.01%. How often does Cargojet pay dividends? What is the dividend yield for Cargojet? Cargojet declared a quarterly dividend on Monday, September 18th. Stockholders of record on Wednesday, September 20th will be given a dividend of 0.286 per share on Thursday, October 5th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, September 19th. Read our dividend analysis for CJT. Is Cargojet a good dividend stock? 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. What other stocks do shareholders of Cargojet own? 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). What is Cargojet's stock symbol? Cargojet trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CJT." How do I buy shares of Cargojet? 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. What is Cargojet's stock price today? One share of CJT stock can currently be purchased for approximately C$90.08. How much money does Cargojet make? Cargojet (TSE:CJT) has a market capitalization of C$1.55 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. How many employees does Cargojet have? The company employs 1,817 workers across the globe. How can I contact Cargojet? 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. This page (TSE:CJT) was last updated on 9/28/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Cargojet Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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