FY2025 EPS Estimates for Cargojet Lifted by Analyst

Cargojet Inc. (TSE:CJT) – Equities research analysts at National Bank Financial increased their FY2025 EPS estimates for Cargojet in a report released on Tuesday, February 18th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings of $5.56 per share for the year, up from their prior forecast of $5.54. The consensus estimate for Cargojet’s current full-year earnings is $5.89 per share.

A number of other analysts have also issued reports on CJT. Scotiabank lowered their target price on shares of Cargojet from C$170.00 to C$165.00 in a research note on Wednesday. Canaccord Genuity Group boosted their target price on shares of Cargojet from C$160.00 to C$165.00 in a research note on Wednesday, November 6th. TD Securities lowered their target price on shares of 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. ATB Capital lowered their target price on shares of Cargojet from C$165.00 to C$155.00 in a research note on Wednesday, November 6th. Finally, CIBC lowered their target price on shares of Cargojet from C$177.00 to C$163.00 in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Cargojet presently has a consensus rating of “Moderate Buy” and a consensus target price of C$158.45.

Cargojet Trading Down 2.2 %

CJT stock opened at C$105.08 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69. Cargojet has a twelve month low of C$100.01 and a twelve month high of C$144.97. The stock has a market capitalization of C$1.68 billion, a price-to-earnings ratio of 737.46 and a beta of 0.91. The firm’s fifty day simple moving average is C$112.76 and its two-hundred day simple moving average is C$123.05.

Cargojet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 20th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.33%. Cargojet’s payout ratio is 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.