
TSE:CJT
This summary was created by AI, based on 12 opinions in the last 12 months.
Cargojet Inc (CJT-T) is experiencing a challenging period, with analysts noting a mix of opportunities and headwinds. The company benefits from strong air freight and international traffic, which helps mitigate cyclicality, yet faces declining trucking volumes and the effects of tariffs, contributing to a cautious outlook. Despite a solid performance during the COVID years, recent numbers have led to a drop in stock price, causing some experts to view it as a buying opportunity, particularly given its low price-to-earnings ratio. The stock is considered to have good long-term potential, especially if the Canadian economy improves and demand normalizes in the transportation sector. Overall, while some analysts encourage patience, others caution about short-term volatility and demand uncertainties.
At least 50% of all air cargo in Canada has to go on Canadian owned airlines. This one has done pretty well over the last year. FedEx, UPS and Transforce are their big clients and they are expanding into Eastern Canada. They might get the Canada Post contract, which is worth $35 million. 5% dividend yield. Fairly solid balance sheet. $12-$13 over the next year is a reasonable figure.
Good operating momentum that will double within two years. Significant contract with Purolator that kicks in at the end of 2015 and is not factored in to the stock price. They are expanding their fleet. 3% dividend yield and will likely be bumped up next year.