FY2025 EPS Estimates for Cargojet Lifted by Analyst

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

CJT has been the topic of several other research reports. Scotiabank cut their price target on shares of Cargojet from C$170.00 to C$165.00 in a report on Wednesday. Royal Bank of Canada increased their price target on shares of Cargojet from C$189.00 to C$193.00 in a report on Wednesday. ATB Capital cut their price target on shares of Cargojet from C$165.00 to C$155.00 in a report on Wednesday, November 6th. National Bankshares dropped their price objective on shares of Cargojet from C$158.00 to C$151.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Finally, Cormark dropped their price objective on shares of Cargojet from C$140.00 to C$120.00 in a research note on Wednesday. Two 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. Based on data from MarketBeat, Cargojet currently has an average rating of “Moderate Buy” and a consensus price target of C$158.45.

Cargojet Stock Performance

CJT opened at C$105.08 on Friday. Cargojet has a 52-week low of C$100.01 and a 52-week high of C$144.97. The company has a quick ratio of 0.79, a current ratio of 0.56 and a debt-to-equity ratio of 98.69. The company has a market cap of C$1.68 billion, a P/E ratio of 737.46 and a beta of 0.91. The firm’s 50-day moving average price is C$112.76 and its 200-day moving average price is C$123.05.

Cargojet Announces Dividend

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