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

Cargojet (TSE:CJT - Free Report) had its price objective lowered by Cormark from C$140.00 to C$120.00 in a research note issued to investors 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.

CJT has been the subject of a number of other research reports. ATB Capital lowered their price objective on Cargojet from C$165.00 to C$155.00 in a research note on Wednesday, November 6th. Scotiabank lowered their price objective on Cargojet from C$170.00 to C$165.00 in a research note on Wednesday. National Bankshares lowered their price objective 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. CIBC raised their price objective on Cargojet from C$172.00 to C$177.00 in a research note on Wednesday, December 4th. Finally, TD Securities lowered their price objective on Cargojet from C$167.00 to C$165.00 and set a "buy" rating for the company in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$158.45.

Cargojet Stock Down 3.6 %

Shares of CJT stock traded down C$3.74 during trading hours on Wednesday, reaching C$101.34. The company had a trading volume of 200,715 shares, compared to its average volume of 95,618. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56. Cargojet has a twelve month low of C$100.01 and a twelve month high of C$144.97. The company has a market capitalization of C$1.62 billion, a P/E ratio of 711.21 and a beta of 0.91. The stock's fifty day simple moving average is C$112.62 and its 200 day simple moving average is C$122.88.

Cargojet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 20th will be issued 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 is presently 982.53%.

Cargojet Company Profile

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.