This summary was created by AI, based on 17 opinions in the last 12 months.
The experts have mixed opinions on Cargojet Inc. Some believe it has a strong growth profile and solid fundamentals, while others are concerned about its vulnerability to economic slowdowns. The company's stock has had a nice bounce but is still considered cheap by some, while others caution about the potential impact of a recession. Overall, the reviews indicate that Cargojet Inc remains a strong player in the overnight shipping and freight industry, but it faces challenges related to economic conditions and competitive pressures.
It has good forward guidance with 25% earnings growth predicted. It is technically a little overbought so it may pull back $10 to $15.
Would not invest in company right now. Good company, but very capital intensive & if there is economic slowdown - will not be good for business. Does not own shares. Better options for investors in the markets.
Come off since Covid, but has now had a nice pop. Founder is well respected. Relies on freight and deliveries. In a potentially slowing economy, less volume demand. A recession would definitely impact it, similar to a FDX.
Chart indicating strength. Nice break in down trend. Good business to hold. Would advise picking a stock price target to sell or buy.
CargoJet boasts a cheaper valuation and has a decent growth profile. Shares have plunged a lot this year.
There is little or no risk with solid long-term contracts with large companies like Amazon. It is managing costs well but volumes are weaker. It has good management along with good margins. It trades at 7X EBITDA which is the best price in a long time. He sold it as a tax loss but plans to buy back later in the year.
He likes it and there is an opportunity to start buying it with the pullback. A sustained high energy valuation could be a headwind.
He turns-over stocks 3-6 months. CJT has been in a downtrend since its 2021 peak and doesn't see a change in that. He's waiting for a base, and a base is the time to buy.
Out of favour right now, lumped in with slowing e-commerce. Monopoly for overnight air cargo delivery. Long-term contracts, and they get paid even if volumes are low. Very good EBITDA margins. At some point it will stabilize, better days ahead. Good time to start buying.
Fundamentals strong on business despite weak share price.
Good time to invest given low price.
Would be a buy and hold type of investment.
Expecting share price increases going forward.
$100-$110 price target.
Valuation low due to recession fears.
Good time to buy.
Company executing well.
Strong management.
Terrific company. Will be around for the long haul, and will find a profitable niche. Hard to know how competitive the space will get. When passenger flights aren't full, they pick up cargo capacity, which steals CJT's lunch. He's waiting for an entry point to re-enter.
Cargojet did well over the pandemic and generally is doing better than the industry. It is now at 20 X earnings down from 30 X before. However it is facing some headwinds since the passenger airlines are recovering and they carry a lot of cargo as well as passengers,.
Short vs. long really matters to a company like this. Economic and e-commerce slowdowns really affect it. Not filling planes, so revenue is hurt. Excellent time to add a high quality company. Monopoly in Canada. Adding new routes. Planes are expensive. Short-term bumpy, long term you'll be just fine.
Cargojet Inc is a Canadian stock, trading under the symbol CJT-T on the Toronto Stock Exchange (CJT-CT). It is usually referred to as TSX:CJT or CJT-T
In the last year, 12 stock analysts published opinions about CJT-T. 8 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Cargojet Inc.
Cargojet Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Cargojet Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
12 stock analysts on Stockchase covered Cargojet Inc In the last year. It is a trending stock that is worth watching.
On 2024-03-27, Cargojet Inc (CJT-T) stock closed at a price of $115.71.
He feels pretty positive about the stock - it has had a nice bounce but is still cheap. E-commerce is still growing in Canada and Cargojet does all the overnight shipping. He expects higher free cash flow and lower debt.