Should I buy or sell Cargojet stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cargojet in the last twelve months. There are currently 2 hold ratings and 7 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 target for 2024?

9 equities research analysts have issued 12 month target prices for Cargojet's stock. Their CJT share price targets range from C$115.00 to C$184.00. On average, they expect the company's stock price to reach C$148.20 in the next year. This suggests a possible upside of 34.2% 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 2024?

Cargojet's stock was trading at C$119.17 at the beginning of 2024. Since then, CJT stock has decreased by 7.3% and is now trading at C$110.44. View the best growth stocks for 2024 here .

When is Cargojet's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024. View our CJT earnings forecast .

How were Cargojet's earnings last quarter?

Cargojet Inc. (TSE:CJT) released its quarterly earnings data on Monday, February, 26th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by $1.02. The business earned $221.90 million during the quarter, compared to the consensus estimate of $250.58 million. Cargojet had a trailing twelve-month return on equity of 4.62% and a net margin of 4.25%.

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

Cargojet announced a quarterly dividend on Friday, March 8th. Shareholders of record on Wednesday, March 20th will be paid a dividend of 0.315 per share on Friday, April 5th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Tuesday, March 19th. This is a boost from the stock's previous quarterly dividend of C$0.03. 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 1.09%. The dividend payout ratio is 57.80%. 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 .

TSE:CJT

Cargojet (CJT) Stock Price, News & Analysis

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C$110.44

-1.58 (-1.41%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$110.00
▼
C$112.86
50-Day Range: C$104.91
▼
C$120.82
52-Week Range: C$76.50
▼
C$124.94

Volume: 25,294 shs
Average Volume: 43,509 shs
Market Capitalization: C$1.86 billion

P/E Ratio: 50.66
Dividend Yield: 1.14%
Price Target: C$148.20

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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Cargojet MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.78 Rating Score
Upside/Downside: 34.2% Upside
C$148.20 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.63
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.34 out of 5 stars

3.4

Analyst's Opinion

Consensus Rating
Cargojet has received a consensus rating of Moderate Buy. The company's average rating score is 2.78, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Cargojet has only been the subject of 4 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 1.09%, 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 57.80%. 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.

2.0

News and Social Media Coverage

News Sentiment
Cargojet has a news sentiment score of 0.63. 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 0.39 average news sentiment score of Industrials companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Cargojet this week, compared to 2 articles on an average week.
Search Interest
Only 3 people have searched for CJT on MarketBeat in the last 30 days. This is a decrease of -25% 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 2.73% of the stock of Cargojet is held by insiders.
Percentage Held by Institutions
50.23% 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 50.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cargojet is 50.66, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 399.01.
Price to Book Value per Share Ratio
Cargojet has a P/B Ratio of 2.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Cargojet Stock (TSE:CJT)

Cargojet Inc. provides time sensitive overnight air cargo services and carriers 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 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. The company operates a fleet of 41 aircraft. Cargojet Inc. 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

April 12, 2024 | americanbankingnews.com

Cargojet (TSE:CJT) Shares Pass Above Two Hundred Day Moving Average of $105.80

April 12, 2024 | americanbankingnews.com

Cargojet (TSE:CJT) Share Price Passes Above Two Hundred Day Moving Average of $105.80

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March 18, 2024 | msn.com

TSX flatlines ahead of expected uptick in Canadian CPI; Nuvei soars

March 14, 2024 | finance.yahoo.com

Cargojet Inc.'s (TSE:CJT) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?

March 8, 2024 | msn.com

Cargojet Inc. declares CAD 0.3146 dividend

March 8, 2024 | finance.yahoo.com

Cargojet Declares Quarterly Dividend

April 18, 2024 | Insiders Exposed (Ad)

This consistently signaled gains of 453%... 610%... and even 1036%...

March 6, 2024 | fool.ca

The Bullish Market Left These 3 Stocks Behind, but They’re Buys Right Now

March 4, 2024 | msn.com

Canadian Investors: 3 Value Stocks That Look Like Smart Buys in March

March 4, 2024 | msn.com

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February 29, 2024 | msn.com

Down 40% From All-time Highs, Is Cargojet Stock a Good Buy Today?

February 28, 2024 | markets.businessinsider.com

TSX Ends Modestly Lower

February 28, 2024 | markets.businessinsider.com

Canadian Market Down Marginally At Noon

February 27, 2024 | finance.yahoo.com

Cargojet sees strong volumes after 2023 fleet reversal

February 27, 2024 | msn.com

TSX earnings live updates: Week of Feb 26 - March 1

February 26, 2024 | markets.businessinsider.com

TSX Ends Moderately Lower

February 26, 2024 | markets.businessinsider.com

Canadian Market Down In Negative Territory At Noon

February 26, 2024 | theglobeandmail.com

Market movers: Stocks seeing action on Monday - and why

February 26, 2024 | morningstar.com

North American Morning Briefing: Traders Await Inflation Data This Week

February 26, 2024 | msn.com

TSX sees downbeat start to the week as commodity prices trend lower

February 26, 2024 | ca.finance.yahoo.com

Cargojet reports Q4 loss compared with profit a year earlier, revenue down

February 26, 2024 | msn.com

Cargojet reports fourth-quarter loss compared with profit a year earlier as revenue fell

February 26, 2024 | finance.yahoo.com

Cargojet Announces Fourth Quarter Results

February 23, 2024 | msn.com

Millennials and Mid-Caps: So Much Growth Potential!

February 13, 2024 | markets.businessinsider.com

TSX Ends Sharply Lower As Hot U.S. Inflation Data Triggers Sell-off

See More Headlines

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Company Calendar

Last Earnings: 2/26/2024
Ex-Dividend for 4/5 Dividend: 3/19/2024
Dividend Payable: 4/05/2024
Today: 4/18/2024
Next Earnings (Confirmed): 4/29/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Industrials
Industry: Integrated Freight & Logistics
Sub-Industry: N/A
Current Symbol: TSE:CJT
CUSIP: N/A
CIK: N/A
Web: www.cargojet.com
Phone: +1-905-5017373
Fax: N/A
Employees: 1,838
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$148.20
High Stock Price Target: C$184.00
Low Stock Price Target: C$115.00
Potential Upside/Downside: +34.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.78
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$2.18
Trailing P/E Ratio: 50.66
Forward P/E Ratio: 29.95
P/E Growth: N/A
Net Income: C$37.30 million
Net Margins: 4.25%
Pretax Margin: N/A
Return on Equity: 4.62%
Return on Assets: 2.10%

Debt

Debt-to-Equity Ratio: 101.87
Current Ratio: 1.49
Quick Ratio: 0.79

Sales & Book Value

Annual Sales: C$877.50 million
Price / Sales: 2.12
Cash Flow: C$0.32 per share
Price / Cash Flow: 347.16
Book Value: C$46.51 per share
Price / Book: 2.37

Miscellaneous

Outstanding Shares: 16,870,000
Free Float: N/A
Market Cap: C$1.86 billion
Optionable: Not Optionable
Beta: 1.03

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Key Executives

Dr. Ajay Kumar Virmani MBA (Age 68)
Founder & Executive Chairman
Comp: $1.76M
Mr. Jamie Bennett Porteous
Co- Chief Executive Officer
Ms. Pauline Dhillon
Co- Chief Executive Officer
Mr. Scott D. Calver
Chief Financial Officer
Mr. Paul David Rinaldo
Senior Vice President of Fleet Management & Support Services
Ms. Anju Virmani (Age 69)
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
Mr. Gord Johnston
Senior Vice President of Strategic Partnerships Sales

Key Competitors

View All Competitors

CJT Stock Analysis - Frequently Asked Questions

Should I buy or sell Cargojet stock right now?: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cargojet in the last twelve months. There are currently 2 hold ratings and 7 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 target for 2024?: 9 equities research analysts have issued 12 month target prices for Cargojet's stock. Their CJT share price targets range from C$115.00 to C$184.00. On average, they expect the company's stock price to reach C$148.20 in the next year. This suggests a possible upside of 34.2% 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 2024?: Cargojet's stock was trading at C$119.17 at the beginning of 2024. Since then, CJT stock has decreased by 7.3% and is now trading at C$110.44.
View the best growth stocks for 2024 here.
When is Cargojet's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024.
View our CJT earnings forecast.
How were Cargojet's earnings last quarter?: Cargojet Inc. (TSE:CJT) released its quarterly earnings data on Monday, February, 26th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by $1.02. The business earned $221.90 million during the quarter, compared to the consensus estimate of $250.58 million. Cargojet had a trailing twelve-month return on equity of 4.62% and a net margin of 4.25%.

How often does Cargojet pay dividends? What is the dividend yield for Cargojet?: Cargojet announced a quarterly dividend on Friday, March 8th. Shareholders of record on Wednesday, March 20th will be paid a dividend of 0.315 per share on Friday, April 5th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Tuesday, March 19th. This is a boost from the stock's previous quarterly dividend of C$0.03.
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 1.09%. The dividend payout ratio is 57.80%. 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 4/18/2024 by MarketBeat.com Staff

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Cargojet (CJT) Stock Price, News & Analysis

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 Sentiment

News Coverage This Week

Search Interest

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^™