Cormark Cuts Cargojet (TSE:CJT) Price Target to C$120.00

Cargojet (TSE:CJT) had its price objective lowered by Cormark from C$140.00 to C$120.00 in a research report released on Wednesday morning,BayStreet.CA reports. Cormark also issued estimates for Cargojet’s Q1 2025 earnings at $1.09 EPS, Q2 2025 earnings at $1.06 EPS, Q3 2025 earnings at $1.53 EPS, Q4 2025 earnings at $2.05 EPS, FY2025 earnings at $5.74 EPS, Q1 2026 earnings at $1.26 EPS, Q2 2026 earnings at $1.29 EPS, Q3 2026 earnings at $1.80 EPS, Q4 2026 earnings at $2.35 EPS, FY2026 earnings at $6.69 EPS and FY2027 earnings at $7.71 EPS.

A number of other brokerages have also issued reports on CJT. CIBC boosted their price target on Cargojet from C$172.00 to C$177.00 in a research report on Wednesday, December 4th. Scotiabank lowered their price objective on Cargojet from C$170.00 to C$165.00 in a research note on Wednesday. National Bankshares cut their target price on Cargojet from C$158.00 to C$151.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Canaccord Genuity Group boosted their price target on shares of Cargojet from C$160.00 to C$165.00 in a research report on Wednesday, November 6th. Finally, TD Securities cut their price objective on shares of Cargojet from C$167.00 to C$165.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Cargojet currently has a consensus rating of “Moderate Buy” and a consensus price target of C$158.45.

Cargojet Trading Down 3.6 %

CJT stock opened at C$101.34 on Wednesday. Cargojet has a 12-month low of C$100.01 and a 12-month high of C$144.97. The business’s 50-day moving average is C$112.62 and its 200 day moving average is C$122.88. The company has a current ratio of 0.56, a quick ratio of 0.79 and a debt-to-equity ratio of 98.69. The stock has a market cap of C$1.62 billion, a price-to-earnings ratio of 711.21 and a beta of 0.91.

Cargojet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.38%. Cargojet’s dividend payout ratio (DPR) is presently 982.53%.

About Cargojet

Cargojet Inc operates a domestic air cargo co-load network between sixteen major Canadian cities. The company provides dedicated aircraft to customers on an Aircraft, Crew, Maintenance and Insurance basis, operating between points in Canada, USA, Mexico and Europe. The company also operates scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada, UK and Germany; and between Canada and Mexico.