Cormark Issues Pessimistic Forecast for Cargojet (TSE:CJT) Stock Price

Cargojet (TSE:CJT) had its target price dropped by stock analysts at Cormark from C$140.00 to C$120.00 in a research report issued on Wednesday,BayStreet.CA reports. Cormark’s price target would suggest a potential upside of 14.20% from the stock’s previous close. Cormark also issued estimates for Cargojet’s Q1 2026 earnings at $1.26 EPS, Q2 2026 earnings at $1.29 EPS and FY2027 earnings at $7.71 EPS.

CJT has been the subject of a number of other research reports. Canaccord Genuity Group raised their price objective on Cargojet from C$160.00 to C$165.00 in a research report on Wednesday, November 6th. TD Securities cut their target price on Cargojet from C$167.00 to C$165.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Royal Bank of Canada lifted their price target on Cargojet from C$189.00 to C$193.00 in a research report on Wednesday. Scotiabank cut their price objective on shares of Cargojet from C$170.00 to C$165.00 in a research report on Wednesday. Finally, ATB Capital reduced their price objective on shares of Cargojet from C$165.00 to C$155.00 in a research note on Wednesday, November 6th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$158.45.

Cargojet Price Performance

Shares of CJT opened at C$105.08 on Wednesday. Cargojet has a fifty-two week low of C$100.01 and a fifty-two week high of C$144.97. The firm’s 50-day simple moving average is C$112.76 and its two-hundred day simple moving average is C$123.05. The stock has a market cap of C$1.68 billion, a PE ratio of 737.46 and a beta of 0.91. The company has a debt-to-equity ratio of 98.69, a quick ratio of 0.79 and a current ratio of 0.56.

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.