TSE:CJT

Cargojet (CJT) Stock Forecast, Price & News

C$93.53

+0.81 (+0.87%)

(As of 09/22/2023 ET)

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Today's Range: C$92.37
▼
C$94.71
50-Day Range: C$92.14
▼
C$103.38
52-Week Range: C$88.84
▼
C$143.61

Volume: 60,364 shs
Average Volume: 57,223 shs
Market Capitalization: C$1.61 billion

P/E Ratio: 11.81
Dividend Yield: 1.22%
Price Target: C$145.55

Profile Analyst Ratings Chart Competitors Dividend Earnings Headlines Social Media

Cargojet MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 55.6% Upside
C$145.55 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.49
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.23 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Cargojet has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$145.55, Cargojet has a forecasted upside of 55.6% from its current price of C$93.53.
Amount of Analyst Coverage
Cargojet has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for CJT.

1.7

Dividend Strength

Dividend Yield
Cargojet pays a meaningful dividend of 1.18%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Cargojet does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Cargojet is 14.39%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CJT.

3.1

News and Social Media Coverage

News Sentiment
Cargojet has a news sentiment score of 0.49. 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 higher news sentiment than the 0.36 average news sentiment score of Industrials companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Cargojet this week, compared to 1 article on an average week.
Search Interest
7 people have searched for CJT on MarketBeat in the last 30 days. This is an increase of 75% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Cargojet to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cargojet insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.65% of the stock of Cargojet is held by insiders.
Percentage Held by Institutions
50.30% of the stock of Cargojet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Cargojet is 11.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.59.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cargojet is 11.81, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 397.18.
Price to Book Value per Share Ratio
Cargojet has a P/B Ratio of 1.82. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Cargojet (TSE:CJT) Stock

Cargojet 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.

CJT Price History

30 days | 90 days | 365 days | Advanced Chart

CJT Stock News Headlines

September 23, 2023 | msn.com

Buy the Dip: 3 Stocks to Buy Today for a Big Profit in 5 Years

September 19, 2023 | markets.businessinsider.com

TSX Ends Sharply Lower As Stocks Fall After Inflation Data Fuels Rate Concerns

September 24, 2023 | Chaikin Analytics (Ad)

This is the #1 Stock to Buy for the AI Tidal Wave

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September 19, 2023 | americanbankingnews.com

Cargojet (TSE:CJT) Shares Cross Below 200-Day Moving Average of $102.07

September 15, 2023 | msn.com

Why Cargojet Stock is the Best Deal on the Market

September 12, 2023 | finance.yahoo.com

Is Now The Time To Look At Buying Cargojet Inc. (TSE:CJT)?

September 11, 2023 | msn.com

New Investors? Buy These 2 Growth Stocks

September 6, 2023 | theglobeandmail.com

Closing Bell: Cargojet Inc 5.25 Pct Debs up on Tuesday (CJT-DB-F)

September 24, 2023 | Behind the Markets (Ad)

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August 16, 2023 | msn.com

Cargojet Stock: Buy, Sell, or Hold?

August 14, 2023 | finance.yahoo.com

COVID cost initiative boosts Cargojet margins despite drop in volumes

August 14, 2023 | msn.com

Cargojet Stock (TSE:CJT) Flies after Q2 Earnings Beat

August 12, 2023 | msn.com

Saving for a Down Payment? These 3 Stocks Can Help

August 6, 2023 | theglobeandmail.com

Closing Bell: Cargojet Inc down on Friday (CJT)

August 5, 2023 | theglobeandmail.com

Closing Bell: Cargojet Inc 5.25 Pct Debs up on Friday (CJT-DB-F)

July 22, 2023 | theglobeandmail.com

Cargojet: Stocks Undervalued by Analyst Consensus on TSX (CJT)

July 12, 2023 | ca.finance.yahoo.com

Investors Are Warming Up to Stocks Again: Here Are 3 to Get Excited About

June 27, 2023 | finance.yahoo.com

Cargojet (TSE:CJT) Has More To Do To Multiply In Value Going Forward

June 9, 2023 | msn.com

Should Investors Have Cargojet Stock on Their Watchlist?

June 9, 2023 | msn.com

SCOTIABANK GBM Maintains Cargojet (TSX:CJT) Outperform Recommendation

June 9, 2023 | finance.yahoo.com

Cargojet (TSE:CJT) Has Announced A Dividend Of CA$0.286

May 25, 2023 | finance.yahoo.com

Cargojet (TSE:CJT) Is Paying Out A Dividend Of CA$0.286

May 24, 2023 | theglobeandmail.com

Closing Bell: Cargojet Inc 5.75 Pct Debs up on Tuesday (CJT-DB-D)

May 20, 2023 | theglobeandmail.com

Closing Bell: Cargojet Inc 5.75 Pct Debs up on Friday (CJT-DB-D)

May 18, 2023 | seekingalpha.com

CJT:CA Cargojet Inc.

May 16, 2023 | theglobeandmail.com

Closing Bell: Cargojet Inc 5.75 Pct Debs down on Friday (CJT-DB-E)

May 11, 2023 | msn.com

Should a WestJet Strike Scare You Away From Airline Stocks?

See More Headlines

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CJT Company Calendar

Ex-Dividend for 7/5 Dividend: 6/19/2023
Dividend Payable: 7/05/2023
Last Earnings: 8/14/2023
Ex-Dividend for 10/5 Dividend: 9/19/2023
Today: 9/24/2023
Dividend Payable: 10/05/2023
Next Earnings (Estimated): 10/30/2023

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Integrated Freight & Logistics
Sub-Industry: N/A
Sector: Industrials
Current Symbol: TSE:CJT
CUSIP: N/A
CIK: N/A
Web: www.cargojet.com
Phone: +1-905-5017373
Fax: N/A
Employees: 1,817
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$145.55
High Stock Price Forecast: C$197.00
Low Stock Price Forecast: C$110.00
Forecasted Upside/Downside: +55.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$7.92
Trailing P/E Ratio: 11.81
Forward P/E Ratio: 19.20
P/E Growth: N/A
Net Income: C$147.70 million
Net Margins: 15.69%
Pretax Margin: N/A
Return on Equity: 18.01%
Return on Assets: 4.31%

Debt

Debt-to-Equity Ratio: 82.01
Current Ratio: 0.73
Quick Ratio: 0.79

Sales & Book Value

Annual Sales: C$941.30 million
Price / Sales: 1.71
Cash Flow: C$0.27 per share
Price / Cash Flow: 347.16
Book Value: C$51.35 per share
Price / Book: 1.82

Miscellaneous

Outstanding Shares: 17,210,000
Free Float: N/A
Market Cap: C$1.61 billion
Optionable: Not Optionable
Beta: 0.89

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Key Executives

Dr. Ajay Kumar Virmani MBA (Age 67)
Founder, CEO, Pres & Director
Comp: $3.2M

Mr. Scott D. Calver
Chief Financial Officer

Mr. Jamie Bennett Porteous
Chief Strategy Officer

Mr. Paul David Rinaldo
Sr. VP of Fleet Management & Support Services

Ms. Pauline Dhillon
Chief Corp. Officer

Mr. Sanjeev Maini
VP of Fin.

Ms. Anju Virmani (Age 68)
Chief Information Officer

Mr. Fernando Garcia
VP of Legal & Corp. Governance

Mr. George Sugar
Sr. VP of Regulatory Compliance

Mr. John Kim CPA
CA, Consultant

Key Competitors

View All Competitors

CJT Stock - Frequently Asked Questions

Should I buy or sell Cargojet stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cargojet in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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?: 6 brokers have issued twelve-month price objectives for Cargojet's stock. Their CJT share price forecasts range from C$110.00 to C$197.00. On average, they predict the company's stock price to reach C$145.55 in the next year. This suggests a possible upside of 55.6% 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 on January 1st, 2023. Since then, CJT stock has decreased by 19.6% and is now trading at C$93.53.
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) released its quarterly earnings data on Monday, August, 14th. The company reported $0.91 EPS for the quarter, missing analysts' consensus estimates of $1.10 by $0.19. The business had revenue of $209.70 million for the quarter, compared to analyst estimates of $229.40 million. Cargojet had a trailing twelve-month return on equity of 18.01% and a net margin of 15.69%.
How often does Cargojet pay dividends? What is the dividend yield for Cargojet?: 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 1.22%. 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$93.53.
How much money does Cargojet make?: Cargojet (TSE:CJT) has a market capitalization of C$1.61 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 9/24/2023 by MarketBeat.com Staff

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Cargojet (CJT) Stock Forecast, Price & News

Cargojet MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Cargojet (TSE:CJT) Stock

CJT Price History

CJT Stock News Headlines

CJT Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

CJT Stock - Frequently Asked Questions

Overall MarketRank^™