Cargojet (CJT) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: C$133.70 to C$136.34
• 50-Day Range: C$124.20 to C$139.13
• 52-Week Range: C$77.67 to C$143.64
• Volume: 41,100 shs
• Average Volume: 53,970 shs
• Market Capitalization: C$2.20 billion
• P/E Ratio: N/A
• Dividend Yield: 1.03%
• Price Target: C$160.27
• Consensus Rating: Moderate Buy

Cargojet Stock Analysis - MarketRank™

Cargojet scored higher than 19% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Cargojet has received a consensus rating of Moderate Buy. The company's average rating score is 2.91, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Cargojet has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Cargojet is -143.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cargojet is -143.25, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Cargojet has a P/B Ratio of 3.11. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CJT.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Cargojet pays a meaningful dividend of 1.04%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Cargojet does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for CJT.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.42

News Sentiment

Cargojet has a news sentiment score of 0.42. 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 news sentiment score is similar to the average news sentiment of Industrials companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Cargojet this week, compared to 2 articles on an average week.

Search Interest

Only 1 people have searched for CJT on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

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

50.84% of the stock of Cargojet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CJT Stock Analysis - Frequently Asked Questions

How have CJT shares performed this year?

Cargojet's stock was trading at C$119.17 at the beginning of 2024. Since then, CJT shares have increased by 14.2% and is now trading at C$136.09.
View the best growth stocks for 2024 here.

How were Cargojet's earnings last quarter?

Cargojet Inc. (TSE:CJT) issued its quarterly earnings data on Tuesday, August, 13th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $1.10 by $1.15. The company earned $230.80 million during the quarter, compared to analysts' expectations of $239.77 million. Cargojet had a negative net margin of 1.88% and a negative trailing twelve-month return on equity of 2.13%.

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.

What other stocks do shareholders of Cargojet own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cargojet investors own include Brookfield Asset Management (BAM), Enbridge (ENB), NVIDIA (NVDA), Bank of Nova Scotia (BNS), Toronto-Dominion Bank (TD), Shopify (SHOP) and PayPal (PYPL).

Company Calendar

• Last Earnings: 8/13/2024
• Ex-Dividend for 10/4 Dividend: 9/20/2024
• Dividend Payable: 10/04/2024
• Today: 10/31/2024
• Next Earnings (Confirmed): 11/04/2024

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$160.27
• High Stock Price Target: C$189.00
• Low Stock Price Target: C$115.00
• Potential Upside/Downside: +18.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.91
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C($0.95)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 22.94
• P/E Growth: N/A
• Net Income: C$-16,900,000.00
• Net Margins: -1.88%
• Pretax Margin: N/A
• Return on Equity: -2.13%
• Return on Assets: 1.95%

Debt

• Debt-to-Equity Ratio: 99.84
• Current Ratio: 0.59
• Quick Ratio: 0.79

Sales & Book Value

• Annual Sales: C$897.90 million
• Price / Sales: 2.43
• Cash Flow: C$0.39 per share
• Price / Cash Flow: 347.16
• Book Value: C$43.73 per share
• Price / Book: 3.09

Miscellaneous

• Outstanding Shares: 16,150,000
• Free Float: N/A
• Market Cap: C$2.18 billion
• Optionable: Not Optionable
• Beta: 0.91