Cargojet (TSE:CJT) Price Target Raised to C$116.00 at Canadian Imperial Bank of Commerce

Cargojet (TSE:CJT) had its target price raised by Canadian Imperial Bank of Commerce from C$106.00 to C$116.00 in a report published on Thursday,BayStreet.CA reports.

Other analysts have also issued research reports about the stock. National Bank Financial lifted their price objective on shares of Cargojet from C$95.00 to C$108.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Desjardins raised their price target on shares of Cargojet from C$117.00 to C$118.00 and gave the company a “buy” rating in a report on Friday, December 12th. Stifel Nicolaus cut their price objective on shares of Cargojet from C$120.00 to C$100.00 in a report on Monday, November 10th. Scotiabank upped their price objective on shares of Cargojet from C$105.00 to C$115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada dropped their target price on Cargojet from C$151.00 to C$143.00 and set an “outperform” rating on the stock in a research report on Monday, December 22nd. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$125.45.

Cargojet Trading Up 6.3%

Shares of CJT opened at C$98.18 on Thursday. Cargojet has a 12 month low of C$65.60 and a 12 month high of C$113.89. The stock’s 50-day moving average is C$91.34 and its two-hundred day moving average is C$88.98. The company has a debt-to-equity ratio of 98.69, a current ratio of 0.56 and a quick ratio of 0.79. The stock has a market cap of C$1.48 billion, a PE ratio of 12.48 and a beta of 0.82.

Cargojet (TSE:CJT) last announced its earnings results on Tuesday, February 24th. The company reported C$1.47 EPS for the quarter. The business had revenue of C$284.70 million for the quarter. Cargojet had a return on equity of 0.31% and a net margin of 0.25%. Equities analysts forecast that Cargojet will post 5.890933 earnings per share for the current fiscal year.

Cargojet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Monday, January 5th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, December 19th. Cargojet’s payout ratio is currently 17.79%.

Key Stories Impacting Cargojet

Here are the key news stories impacting Cargojet this week:

• Positive Sentiment: Multiple analysts raised price targets and ratings, boosting upside expectations — Desjardins raised its target to C$126 (from C$117), Stifel Nicolaus to C$120 (from C$100) and Scotiabank to C$118 (from C$115). These moves increase analyst-implied upside and likely underpin buying interest. BayStreet.CA TickerReport
• Positive Sentiment: Canadian Imperial Bank of Commerce also lifted its target to C$116 (from C$106), adding to the cluster of above-current-price estimates that support further gains. BayStreet.CA
• Positive Sentiment: Broker consensus is favorable: coverage summary notes an average “Buy” from brokerages, which can attract momentum buying and fund interest. AmericanBankingNews
• Neutral Sentiment: Q4 results and commentary released this week provide the fundamental backdrop — management reported quarterly EPS and revenue (see the release and earnings-call transcript for detail), which appear broadly consistent with analyst optimism. Yahoo Finance: Q4 Results Earnings Call Transcript
• Neutral Sentiment: Market/technical context: volume is above average and the stock sits above its 50- and 200-day moving averages, supporting momentum—but valuation metrics (P/E ~12.5) and thin liquidity should be considered. (See exchange data and charts for specifics.)
• Negative Sentiment: BMO raised its target only to C$94 (from C$90) and retains a “market perform” stance, implying limited upside and showing not all brokers are convinced—this provides a counterpoint that could cap gains. BayStreet.CA

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.