Should I buy or sell Cargojet stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cargojet in the last twelve months. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

10 Wall Street analysts have issued 1-year target prices for Cargojet's shares. Their CJT share price targets range from C$100.00 to C$187.00. On average, they expect the company's stock price to reach C$137.82 in the next twelve months. This suggests a possible upside of 42.8% 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 beginning of the year. Since then, CJT shares have decreased by 17.1% and is now trading at C$96.50. 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, March 4th 2024. View our CJT earnings forecast .

How were Cargojet's earnings last quarter?

Cargojet Inc. (TSE:CJT) released its quarterly earnings data on Tuesday, November, 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.85 by $0.55. The firm had revenue of $214 million for the quarter, compared to the consensus estimate of $218.75 million. Cargojet had a net margin of 8.13% and a trailing twelve-month return on equity of 8.70%.

How often does Cargojet pay dividends? What is the dividend yield for Cargojet?

Cargojet declared a quarterly dividend on Tuesday, November 7th. Stockholders of record on Wednesday, December 20th will be given a dividend of 0.029 per share on Friday, January 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend is Tuesday, December 19th. Read our dividend analysis for CJT .

Is Cargojet a good dividend stock?

Cargojet (TSE:CJT) pays an annual dividend of C$1.26 per share and currently has a dividend yield of 1.32%. The dividend payout ratio is 29.17%. 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) .

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 .

Cargojet Stock Price, News & Analysis (TSE:CJT)

C$96.50

+0.84 (+0.88%)

(As of 11/28/2023 ET)

Compare

Today's Range: C$94.65
▼
C$97.55
50-Day Range: C$78.69
▼
C$97.50
52-Week Range: C$76.50
▼
C$139.48

Volume: 72,271 shs
Average Volume: 55,155 shs
Market Capitalization: C$1.66 billion

P/E Ratio: 22.34
Dividend Yield: 1.31%
Price Target: C$137.82

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Cargojet MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 42.8% Upside
C$137.82 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.00
Based on 2 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.

2.31 out of 5 stars

4.3

Analyst's Opinion

Consensus Rating
Cargojet has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$137.82, Cargojet has a forecasted upside of 42.8% from its current price of C$96.50.
Amount of Analyst Coverage
Cargojet has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

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 1.32%, 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 29.17%. 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.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 2 news articles for Cargojet this week, compared to 1 article on an average week.
Search Interest
Only 2 people have searched for CJT on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
6 people have added Cargojet to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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 22.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.20.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cargojet is 22.34, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 435.98.
Price to Book Value per Share Ratio
Cargojet has a P/B Ratio of 1.87. 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 Stock (TSE:CJT)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CJT Stock News Headlines

November 23, 2023 | americanbankingnews.com

Cargojet Inc. (TSE:CJT) Receives C$137.82 Consensus Price Target from Analysts

November 23, 2023 | americanbankingnews.com

Cargojet Inc. (TSE:CJT) Receives Consensus Rating of "Moderate Buy" from Brokerages

November 29, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com

November 14, 2023 | finance.yahoo.com

Cargojet Announces the Redemption of its 5.75% Senior Unsecured Hybrid Debentures due April 30, 2024

November 13, 2023 | finance.yahoo.com

Cargojet founder Virmani passes torch to co-CEOs

November 13, 2023 | ca.finance.yahoo.com

Cargojet CEO Ajay Virmani moving to executive chair role, names co-CEOs

November 13, 2023 | theglobeandmail.com

Cargojet founder Ajay Virmani moving to executive chair role, names co-CEOs

November 13, 2023 | finance.yahoo.com

Cargojet Announces Leadership Transition as CEO assumes Role of Executive Chairman

November 29, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

November 13, 2023 | finance.yahoo.com

Cargojet Announces Leadership Transition and Appoints Co-CEOs

November 11, 2023 | finance.yahoo.com

Cargojet's (TSE:CJT) Dividend Will Be Increased To CA$0.3146

November 7, 2023 | msn.com

3 Reasons I’m Buying Cargojet Stock Today

November 7, 2023 | theglobeandmail.com

Cargojet reports third-quarter profit, total revenue down from year ago

November 3, 2023 | theglobeandmail.com

Light Week for Macroeconomic Numbers

November 1, 2023 | morningstar.com

Cargojet Inc CJT

November 1, 2023 | markets.businessinsider.com

Canadian Market Gaining For Third Straight Day

October 31, 2023 | finance.yahoo.com

Cargojet (TSE:CJT) investors are sitting on a loss of 63% if they invested three years ago

October 28, 2023 | msn.com

3 Bearish Stocks That Look Ready to Come Out of Hibernation

October 27, 2023 | msn.com

3 Dividend Stocks at 52-Week Lows to Buy Now!

October 17, 2023 | finance.yahoo.com

Is Cargojet Inc. (TSE:CJT) Trading At A 48% Discount?

October 14, 2023 | theglobeandmail.com

Closing Bell: Cargojet Inc 5.25 Pct Debs flat on Wednesday (CJT-DB-F)

October 4, 2023 | msn.com

Down 24% Year to Date, Is Cargojet Stock a Buy Today?

October 2, 2023 | msn.com

These 2 Discounted Stocks Are Ready for a Comeback

October 1, 2023 | markets.businessinsider.com

TSX Ends On Weak Note, Sheds 1.2% In Week

September 29, 2023 | finance.yahoo.com

Declining Stock and Solid Fundamentals: Is The Market Wrong About Cargojet Inc. (TSE:CJT)?

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

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.

Company Calendar

Ex-Dividend for 10/5 Dividend: 9/19/2023
Dividend Payable: 10/05/2023
Last Earnings: 11/07/2023
Today: 11/29/2023
Ex-Dividend for 1/5 Dividend: 12/19/2023
Dividend Payable: 1/05/2024
Next Earnings (Estimated): 3/04/2024

Get Stock Alerts

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 Target: C$137.82
High Stock Price Target: C$187.00
Low Stock Price Target: C$100.00
Potential Upside/Downside: +42.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$4.32
Trailing P/E Ratio: 22.34
Forward P/E Ratio: 31.23
P/E Growth: N/A
Net Income: C$75 million
Net Margins: 8.13%
Pretax Margin: N/A
Return on Equity: 8.70%
Return on Assets: 3.33%

Debt

Debt-to-Equity Ratio: 90.66
Current Ratio: 0.65
Quick Ratio: 0.79

Sales & Book Value

Annual Sales: C$922.60 million
Price / Sales: 1.80
Cash Flow: C$0.28 per share
Price / Cash Flow: 347.16
Book Value: C$51.69 per share
Price / Book: 1.87

Miscellaneous

Outstanding Shares: 17,210,000
Free Float: N/A
Market Cap: C$1.66 billion
Optionable: Not Optionable
Beta: 0.95

Beginners Guide To Retirement Stocks

Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report

Key Executives

Dr. Ajay Kumar Virmani MBA (Age 67)
Founder, CEO, President & Director
Comp: $3.2M
Mr. Scott D. Calver
Chief Financial Officer
Mr. Jamie Bennett Porteous
Chief Strategy Officer
Mr. Paul David Rinaldo
Senior Vice President of Fleet Management & Support Services
Ms. Pauline Dhillon
Chief Corporate Officer
Mr. Sanjeev Maini
Vice President of Finance
Ms. Anju Virmani (Age 68)
Chief Information Officer
Mr. Fernando Garcia
Vice President of Legal & Corporate Governance
Mr. George Sugar
Senior Vice President of Regulatory Compliance
Mr. John Kim CPA
CA, Consultant

Key Competitors

View All Competitors

CJT Stock Analysis - Frequently Asked Questions

Should I buy or sell Cargojet stock right now?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cargojet in the last twelve months. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?: 10 Wall Street analysts have issued 1-year target prices for Cargojet's shares. Their CJT share price targets range from C$100.00 to C$187.00. On average, they expect the company's stock price to reach C$137.82 in the next twelve months. This suggests a possible upside of 42.8% 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 beginning of the year. Since then, CJT shares have decreased by 17.1% and is now trading at C$96.50.
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, March 4th 2024.
View our CJT earnings forecast.
How were Cargojet's earnings last quarter?: Cargojet Inc. (TSE:CJT) released its quarterly earnings data on Tuesday, November, 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.85 by $0.55. The firm had revenue of $214 million for the quarter, compared to the consensus estimate of $218.75 million. Cargojet had a net margin of 8.13% and a trailing twelve-month return on equity of 8.70%.

How often does Cargojet pay dividends? What is the dividend yield for Cargojet?: Cargojet declared a quarterly dividend on Tuesday, November 7th. Stockholders of record on Wednesday, December 20th will be given a dividend of 0.029 per share on Friday, January 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend is Tuesday, December 19th.
Read our dividend analysis for CJT.
Is Cargojet a good dividend stock?: Cargojet (TSE:CJT) pays an annual dividend of C$1.26 per share and currently has a dividend yield of 1.32%. The dividend payout ratio is 29.17%. 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).
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.

This page (TSE:CJT) was last updated on 11/29/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

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. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Cargojet Stock Price, News & Analysis (TSE:CJT)

Cargojet MarketRank™ Stock Analysis

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 Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Cargojet Stock (TSE:CJT)

CJT Stock Price History

CJT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

CJT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™