Cargojet (CJT) Stock Forecast & Price Target

C$124.50

-2.38 (-1.88%)

(As of 09/6/2024 ET)

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Cargojet - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 10 Analyst Ratings

Based on 10 Wall Street analysts who have issued ratings for Cargojet in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 2 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for CJT.

Consensus Price Target

C$159.55
28.15% Upside

High Forecast	C$189.00
Average Forecast	C$159.55
Low Forecast	C$115.00

According to the 10 analysts' twelve-month price targets for Cargojet, the average price target is C$159.55. The highest price target for CJT is C$189.00, while the lowest price target for CJT is C$115.00. The average price target represents a forecasted upside of 28.15% from the current price of C$124.50.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	3 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$159.55	C$156.73	C$148.91	C$145.55
Forecasted Upside	28.15% Upside	25.15% Upside	24.80% Upside	37.85% Upside

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CJT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CJT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Cargojet Stock vs. The Competition

Type	Cargojet	Industrials Companies
Consensus Rating Score	2.90	2.60
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/15/2024	Acumen Capital 3 of 5 stars		Boost Target		C$175.00 ➝ C$178.00	+37.81%
8/15/2024	ATB Capital 4 of 5 stars		Boost Target		C$160.00 ➝ C$165.00	+27.75%
8/15/2024	Cormark 2 of 5 stars		Boost Target		C$135.00 ➝ C$140.00	+8.39%
8/15/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$173.00 ➝ C$176.00	+36.27%
7/24/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$150.00 ➝ C$156.00	+21.13%
7/10/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Gupta Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
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7/8/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$182.00 ➝ C$189.00	+37.45%
6/17/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$159.00 ➝ C$172.00	+35.26%
6/14/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform	C$132.00 ➝ C$154.00	+21.93%
6/13/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Doerksen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
2/27/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	C$110.00 ➝ C$115.00	-1.25%
1/16/2024	Laurentian Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	C$102.00 ➝ C$150.00	+24.51%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:34 PM ET.

CJT Forecast - Frequently Asked Questions

What is Cargojet's forecast for 2024?: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Cargojet is C$159.55, with a high forecast of C$189.00 and a low forecast of C$115.00.
Should I buy or sell Cargojet stock right now?: 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cargojet in the last twelve months. There are currently 2 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CJT shares.
Does Cargojet's stock price have much upside?: According to analysts, Cargojet's stock has a predicted upside of 26.26% based on their 12-month stock forecasts.
Has Cargojet been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, Cargojet's stock had 3 upgrades and 1 downgrade by analysts.
What analysts cover Cargojet?: Cargojet has been rated by research analysts at Acumen Capital, ATB Capital, Canaccord Genuity Group, CIBC, Cormark, National Bank Financial, National Bankshares, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.
Do Wall Street analysts like Cargojet more than its competitors?: Analysts like Cargojet more than other "industrials" companies. The consensus rating score for Cargojet is 2.90 while the average consensus rating score for "industrials" companies is 2.60. Learn more on how CJT compares to other companies.