Cargojet (TSE:CJT) Price Target Raised to C$118.00

Cargojet (TSE:CJT) had its price target upped by Scotiabank from C$115.00 to C$118.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other analysts also recently issued reports about the company. National Bank Financial increased their price objective on Cargojet from C$95.00 to C$108.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Raymond James Financial increased their price target on Cargojet from C$95.00 to C$120.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Canadian Imperial Bank of Commerce raised their price objective on Cargojet from C$106.00 to C$116.00 in a research report on Thursday. Desjardins lifted their price objective on Cargojet from C$117.00 to C$118.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Finally, Royal Bank Of Canada decreased their target price on shares of Cargojet from C$151.00 to C$143.00 and set an “outperform” rating for the company in a research report on Monday, December 22nd. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$125.45.

Cargojet Stock Down 2.8%

TSE:CJT opened at C$95.42 on Thursday. Cargojet has a one year low of C$65.60 and a one year high of C$113.89. 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 company has a market cap of C$1.44 billion, a PE ratio of 12.12 and a beta of 0.82. The firm’s 50 day simple moving average is C$91.57 and its 200 day simple moving average is C$88.84.

Cargojet (TSE:CJT) last released its quarterly earnings results on Tuesday, February 24th. The company reported C$1.47 earnings per share (EPS) for the quarter. The firm had revenue of C$284.70 million during the quarter. Cargojet had a net margin of 0.25% and a return on equity of 0.31%. On average, research analysts anticipate that Cargojet will post 5.890933 earnings per share for the current year.

Cargojet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Monday, January 5th were given a dividend of $0.35 per share. The ex-dividend date was Friday, December 19th. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. Cargojet’s dividend payout ratio is presently 17.79%.

Cargojet News Summary

Here are the key news stories impacting Cargojet this week:

• Positive Sentiment: Desjardins raised its price target to C$126 (from C$117), implying roughly ~28% upside from the reference price cited in the filings. Article Title
• Positive Sentiment: Stifel Nicolaus bumped its target to C$120 (from C$100) and reiterated a “buy” rating, signaling stronger conviction among sell‑side analysts. Article Title TickerReport
• Positive Sentiment: Scotiabank raised its target to C$118 (from C$115) and kept an “outperform” rating — another endorsement of upside potential. Article Title
• Positive Sentiment: CIBC lifted its target to C$116 (from C$106), adding to the cluster of double‑digit upside targets from Canadian banks. Article Title
• Neutral Sentiment: Q4 2025 earnings call transcript is available for investors to review, providing the underlying operational and margin details that likely informed the analyst revisions. Review the transcript for management commentary on capacity, contract renewals, fuel and labor costs. Earnings Transcript
• Negative Sentiment: BMO Capital Markets raised its target modestly to C$94 (from C$90) but kept a “market perform” stance — its target sits below the reference price and signals more caution relative to peers, which can limit upside and weigh on sentiment. Article Title TickerReport

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.