Cargojet Q2 EPS Forecast Raised by National Bank Financial

Cargojet Inc. (TSE:CJT) – Research analysts at National Bank Financial raised their Q2 2025 earnings estimates for shares of Cargojet in a research report issued on Monday, July 14th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $0.91 per share for the quarter, up from their previous forecast of $0.82. The consensus estimate for Cargojet’s current full-year earnings is $5.89 per share. National Bank Financial also issued estimates for Cargojet’s FY2025 earnings at $5.85 EPS.

A number of other analysts have also recently issued reports on the stock. Stifel Nicolaus set a C$125.00 target price on shares of Cargojet and gave the company a “buy” rating in a research note on Thursday, June 12th. Scotiabank decreased their price objective on shares of Cargojet from C$165.00 to C$139.00 and set an “outperform” rating for the company in a report on Wednesday, April 2nd. TD Securities boosted their price target on Cargojet from C$150.00 to C$154.00 and gave the stock a “buy” rating in a research report on Friday, April 25th. BMO Capital Markets lowered their price objective on Cargojet from C$120.00 to C$95.00 in a report on Tuesday, April 15th. Finally, Royal Bank Of Canada cut their price objective on Cargojet from C$183.00 to C$177.00 in a research note on Monday, April 28th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$148.50.

Cargojet Trading Down 0.7%

Cargojet stock opened at C$103.29 on Wednesday. The company’s fifty day simple moving average is C$96.30 and its 200-day simple moving average is C$96.90. 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 12 month low of C$69.60 and a 12 month high of C$144.97. The stock has a market cap of C$1.65 billion, a P/E ratio of 724.90 and a beta of 0.91.

Cargojet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 4th. Shareholders of record on Friday, July 4th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Friday, June 20th. 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.